Helikon Investments Ltd Buys 4,363,628 Shares of Adecoagro S.A. (NYSE:AGRO)

Helikon Investments Ltd grew its holdings in Adecoagro S.A. (NYSE:AGRO - Free Report) by 169.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,941,857 shares of the company's stock after acquiring an additional 4,363,628 shares during the quarter. Adecoagro accounts for approximately 6.9% of Helikon Investments Ltd's holdings, making the stock its 6th largest holding. Helikon Investments Ltd owned 6.67% of Adecoagro worth $76,846,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGRO. Commonwealth Equity Services LLC acquired a new stake in Adecoagro in the first quarter worth about $843,000. Jennison Associates LLC lifted its holdings in shares of Adecoagro by 10.5% during the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company's stock worth $65,379,000 after purchasing an additional 561,352 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Adecoagro by 83.1% during the first quarter. GSA Capital Partners LLP now owns 205,013 shares of the company's stock worth $2,259,000 after purchasing an additional 93,035 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Adecoagro during the first quarter worth about $128,000. Finally, Sei Investments Co. lifted its holdings in shares of Adecoagro by 13.6% during the first quarter. Sei Investments Co. now owns 71,537 shares of the company's stock worth $788,000 after purchasing an additional 8,559 shares during the period. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Price Performance

Shares of Adecoagro stock traded down $0.04 on Thursday, reaching $11.50. The company's stock had a trading volume of 435,632 shares, compared to its average volume of 727,032. The company has a market capitalization of $1.20 billion, a P/E ratio of 4.88, a PEG ratio of 1.06 and a beta of 1.08. Adecoagro S.A. has a 52-week low of $8.72 and a 52-week high of $12.51. The stock has a 50-day moving average price of $11.26 and a 200-day moving average price of $10.48. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48.

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. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. The business had revenue of $411.42 million during the quarter. Analysts expect that Adecoagro S.A. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group assumed coverage on Adecoagro in a report on Monday, October 14th. They set a "neutral" rating and a $12.00 target price for the company. Morgan Stanley cut Adecoagro from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Bank of America reduced their price target on Adecoagro from $15.50 to $14.50 and set a "buy" rating for the company in a research report on Monday, September 9th. Finally, StockNews.com cut Adecoagro from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Adecoagro currently has an average rating of "Hold" and a consensus target price 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.