Adecoagro S.A. (NYSE:AGRO) is Herr Investment Group LLC's 4th Largest Position

Herr Investment Group LLC boosted its stake in Adecoagro S.A. (NYSE:AGRO - Free Report) by 30.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,649,555 shares of the company's stock after purchasing an additional 616,345 shares during the period. Adecoagro comprises approximately 1.7% of Herr Investment Group LLC's investment portfolio, making the stock its 4th biggest position. Herr Investment Group LLC owned approximately 2.54% of Adecoagro worth $25,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AGRO. BNP Paribas Financial Markets boosted its position in Adecoagro by 6,935.7% during the fourth quarter. BNP Paribas Financial Markets now owns 76,126 shares of the company's stock valued at $845,000 after acquiring an additional 75,044 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in Adecoagro during the fourth quarter valued at $527,000. Helikon Investments Ltd boosted its position in Adecoagro by 12.4% during the fourth quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company's stock valued at $14,344,000 after acquiring an additional 142,595 shares during the last quarter. Claret Asset Management Corp boosted its position in Adecoagro by 3.1% during the fourth quarter. Claret Asset Management Corp now owns 300,512 shares of the company's stock valued at $3,336,000 after acquiring an additional 9,110 shares during the last quarter. Finally, Cloverfields Capital Group LP boosted its position in Adecoagro by 19.4% during the fourth quarter. Cloverfields Capital Group LP now owns 187,784 shares of the company's stock valued at $2,084,000 after acquiring an additional 30,489 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Stock Down 1.8 %

NYSE AGRO traded down $0.21 during trading hours on Friday, hitting $11.43. The company's stock had a trading volume of 1,306,371 shares, compared to its average volume of 737,549. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.51. The company has a market capitalization of $1.19 billion, a PE ratio of 4.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company's 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.35.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $1.03 EPS for the quarter. The firm had revenue of $411.42 million during the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. Research analysts anticipate that Adecoagro S.A. will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

AGRO has been the topic of a number of research analyst reports. StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised shares of Adecoagro from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $10.50 to $11.50 in a research report on Monday, July 1st. Morgan Stanley cut shares of Adecoagro from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $14.50 to $12.50 in a research report on Tuesday. Finally, Bank of America dropped their price target on shares of Adecoagro from $15.50 to $14.50 and set a "buy" rating on the stock in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.63.

About Adecoagro

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.