Adecoagro SA (NYSE:AGRO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 1,506,500 shares, a decrease of 23.0% from the May 30th total of 1,957,700 shares. Based on an average daily volume of 376,000 shares, the short-interest ratio is currently 4.0 days. Approximately 1.3% of the company’s stock are sold short.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Adecoagro in the 1st quarter valued at about $109,000. Holistic Financial Partners grew its holdings in shares of Adecoagro by 11.4% in the 1st quarter. Holistic Financial Partners now owns 19,745 shares of the company’s stock valued at $136,000 after acquiring an additional 2,028 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Adecoagro in the 4th quarter valued at about $155,000. Gotham Asset Management LLC grew its holdings in shares of Adecoagro by 19.7% in the 4th quarter. Gotham Asset Management LLC now owns 38,564 shares of the company’s stock valued at $268,000 after acquiring an additional 6,354 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in shares of Adecoagro by 5.6% in the 1st quarter. First Republic Investment Management Inc. now owns 68,870 shares of the company’s stock valued at $475,000 after acquiring an additional 3,670 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.
AGRO stock traded up $0.06 during trading hours on Friday, reaching $7.07. 128,100 shares of the stock were exchanged, compared to its average volume of 356,205. The firm’s 50-day simple moving average is $6.88. The company has a market cap of $819.42 million, a P/E ratio of 9.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 1.56. Adecoagro has a 12 month low of $6.17 and a 12 month high of $9.06.
Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $159.82 million during the quarter. Adecoagro had a positive return on equity of 10.68% and a negative net margin of 4.37%. Equities analysts expect that Adecoagro will post 0.31 earnings per share for the current year.
A number of research firms have issued reports on AGRO. Citigroup upgraded Adecoagro from a “neutral” rating to a “buy” rating and set a $8.50 target price for the company in a report on Sunday, June 9th. Zacks Investment Research cut Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.25.
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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