Sanctuary Advisors LLC Invests $491,000 in Adecoagro S.A. (NYSE:AGRO)

Sanctuary Advisors LLC bought a new stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,879 shares of the company's stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. lifted its position in Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company's stock valued at $5,536,000 after purchasing an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Adecoagro by 14,282.7% in the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company's stock valued at $1,735,000 after purchasing an additional 155,681 shares during the period. Helikon Investments Ltd raised its holdings in shares of Adecoagro by 0.5% during the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock valued at $65,792,000 after buying an additional 35,000 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Adecoagro by 84.0% during the third quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company's stock worth $485,000 after buying an additional 20,000 shares during the period. Finally, Rockingstone Advisors LLC bought a new position in Adecoagro in the 4th quarter worth approximately $170,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Price Performance

Shares of Adecoagro stock traded up $0.13 on Wednesday, hitting $10.82. The company had a trading volume of 401,382 shares, compared to its average volume of 565,588. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The company has a market cap of $1.13 billion, a PE ratio of 7.21, a PEG ratio of 1.43 and a beta of 1.03. The business has a 50-day simple moving average of $9.88 and a 200-day simple moving average of $10.65.

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Analyst Ratings Changes

Separately, StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.63.

Adecoagro Profile

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.