Tudor Investment Corp ET AL Makes New $295,000 Investment in Adecoagro S.A. $AGRO

Tudor Investment Corp ET AL bought a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 37,668 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors also recently bought and sold shares of the company. Jeppson Wealth Management LLC acquired a new stake in shares of Adecoagro during the 3rd quarter worth approximately $124,000. State of Wyoming boosted its holdings in Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares in the last quarter. R Squared Ltd grew its position in Adecoagro by 61.1% during the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after buying an additional 8,462 shares during the period. Comprehensive Money Management Services LLC increased its holdings in Adecoagro by 93.0% in the third quarter. Comprehensive Money Management Services LLC now owns 43,211 shares of the company’s stock valued at $339,000 after buying an additional 20,819 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Adecoagro by 60.4% in the 2nd quarter. Squarepoint Ops LLC now owns 56,528 shares of the company’s stock worth $517,000 after purchasing an additional 21,277 shares during the period. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Stock Performance

NYSE:AGRO opened at $15.26 on Friday. Adecoagro S.A. has a 12 month low of $6.89 and a 12 month high of $15.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. The firm has a market capitalization of $1.53 billion, a PE ratio of -190.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.08. The business’s fifty day moving average price is $10.52 and its 200 day moving average price is $8.85.

Adecoagro (NYSE:AGRO) last posted its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.The business had revenue of $432.91 million for the quarter. On average, sell-side analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AGRO has been the topic of a number of research analyst reports. Bank of America raised Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a research note on Friday, January 9th. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Citigroup began coverage on shares of Adecoagro in a research note on Monday, February 16th. They issued a “buy” rating on the stock. Truist Financial set a $9.00 price objective on Adecoagro in a research note on Friday, January 9th. Finally, Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Adecoagro presently has an average rating of “Hold” and a consensus price target of $10.84.

Insider Activity

In related news, CEO Mariano Bosch sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer owned 897,249 shares in the company, valued at $13,010,110.50. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by company insiders.

Adecoagro Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.