Magnetar Financial LLC bought a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,764 shares of the company's stock, valued at approximately $526,000. Magnetar Financial LLC owned 0.05% of Adecoagro as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Adecoagro during the 3rd quarter worth about $37,000. Point72 Hong Kong Ltd increased its position in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock worth $58,000 after acquiring an additional 933 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Adecoagro during the fourth quarter valued at approximately $70,000. Blue Trust Inc. lifted its position in shares of Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares in the last quarter. Finally, Rockingstone Advisors LLC acquired a new position in Adecoagro in the 4th quarter worth approximately $170,000. 45.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Adecoagro currently has a consensus rating of "Hold" and an average price target of $12.63.
Read Our Latest Stock Report on AGRO
Adecoagro Stock Up 0.9 %
Shares of AGRO stock traded up $0.10 during trading on Wednesday, hitting $11.14. 330,349 shares of the company were exchanged, compared to its average volume of 715,621. The business's 50-day simple moving average is $10.24 and its 200 day simple moving average is $10.63. Adecoagro S.A. has a twelve month low of $8.72 and a twelve month high of $12.08. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.
Adecoagro Company Profile
(
Free Report)
Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.
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