Adecoagro S.A. (NYSE:AGRO) Sees Significant Decrease in Short Interest

Adecoagro S.A. (NYSE:AGRO - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,130,000 shares, a decline of 8.1% from the December 15th total of 1,230,000 shares. Currently, 1.3% of the company's shares are short sold. Based on an average daily trading volume, of 599,900 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company's stock worth $5,536,000 after purchasing an additional 263,125 shares in the last quarter. Herr Investment Group LLC lifted its stake in Adecoagro by 30.3% during the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company's stock valued at $25,780,000 after acquiring an additional 616,345 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Adecoagro by 14,282.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company's stock valued at $1,735,000 after acquiring an additional 155,681 shares during the last quarter. Discovery Capital Management LLC CT grew its stake in shares of Adecoagro by 39.1% in the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company's stock worth $23,124,000 after acquiring an additional 667,878 shares during the period. Finally, Helikon Investments Ltd raised its holdings in shares of Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company's stock valued at $76,846,000 after purchasing an additional 4,363,628 shares during the last quarter. Institutional investors own 45.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on Adecoagro in a report on Monday, October 14th. They set a "neutral" rating and a $12.00 target price on the stock. 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, the company currently has a consensus rating of "Hold" and an average price target of $12.63.

Adecoagro Stock Down 1.9 %

NYSE AGRO traded down $0.19 during trading hours on Friday, reaching $9.66. 614,906 shares of the company's stock traded hands, compared to its average volume of 429,238. The firm has a market cap of $1.01 billion, a PE ratio of 6.44, a PEG ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. Adecoagro has a 52-week low of $8.72 and a 52-week high of $12.07. The firm has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.61.

Adecoagro Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.174 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from Adecoagro's previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. Adecoagro's dividend payout ratio (DPR) is presently 23.33%.

Adecoagro Company 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.