Adecoagro (NYSE:AGRO) Cut to Hold at StockNews.com

StockNews.com cut shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a report published on Saturday.

Adecoagro Price Performance

Adecoagro stock opened at $10.77 on Friday. The stock’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.70. Adecoagro has a one year low of $7.93 and a one year high of $12.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. The firm has a market cap of $1.14 billion, a PE ratio of 5.10 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The company had revenue of $263.95 million for the quarter. As a group, research analysts expect that Adecoagro will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Adecoagro by 0.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company’s stock valued at $3,215,000 after purchasing an additional 1,280 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Adecoagro by 25.3% in the 1st quarter. HighTower Advisors LLC now owns 13,596 shares of the company’s stock valued at $111,000 after purchasing an additional 2,741 shares in the last quarter. Barclays PLC acquired a new stake in shares of Adecoagro in the 4th quarter valued at $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Adecoagro by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after purchasing an additional 2,923 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Adecoagro by 1.5% in the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock valued at $2,408,000 after purchasing an additional 2,998 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

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.