DGS Capital Management LLC Reduces Holdings in Adecoagro S.A. (NYSE:AGRO)

DGS Capital Management LLC lowered its position in shares of Adecoagro S.A. (NYSE:AGRO) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,410 shares of the company’s stock after selling 3,015 shares during the period. DGS Capital Management LLC’s holdings in Adecoagro were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AGRO. NBC Securities Inc. bought a new stake in shares of Adecoagro in the third quarter worth $54,000. State of Wyoming acquired a new position in Adecoagro in the second quarter worth $93,000. PEAK6 Investments LLC acquired a new position in Adecoagro in the first quarter worth $82,000. Pathstone Family Office LLC acquired a new position in Adecoagro in the third quarter worth $87,000. Finally, HighTower Advisors LLC acquired a new position in Adecoagro in the fourth quarter worth $90,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO traded down $0.13 during midday trading on Tuesday, hitting $10.65. 145,789 shares of the stock traded hands, compared to its average volume of 501,543. Adecoagro S.A. has a 1-year low of $7.93 and a 1-year high of $12.51. The firm has a market capitalization of $1.13 billion, a PE ratio of 5.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14. The business’s 50 day moving average price is $10.41 and its two-hundred day moving average price is $10.70.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The firm had revenue of $263.95 million for the quarter. Equities research analysts predict that Adecoagro S.A. will post 1.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.56.

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.