Monaco Asset Management SAM Takes Position in Adecoagro S.A. $AGRO

Monaco Asset Management SAM purchased a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the second quarter, HoldingsChannel reports. The firm purchased 60,000 shares of the company’s stock, valued at approximately $573,000.

Several other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares during the period. Ghisallo Capital Management LLC acquired a new position in Adecoagro during the 4th quarter worth approximately $2,987,000. Ameriprise Financial Inc. increased its position in Adecoagro by 32.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after purchasing an additional 90,518 shares during the period. HRT Financial LP raised its stake in shares of Adecoagro by 13.4% during the 4th quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after buying an additional 36,857 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Adecoagro during the 1st quarter worth approximately $4,629,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Adecoagro Trading Up 0.1%

Shares of AGRO opened at $8.92 on Monday. Adecoagro S.A. has a twelve month low of $6.89 and a twelve month high of $15.89. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.27 billion, a P/E ratio of 27.03 and a beta of -0.04. The firm’s 50-day moving average is $9.97 and its two-hundred day moving average is $11.22.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). The company had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. On average, research analysts predict that Adecoagro S.A. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AGRO. JPMorgan Chase & Co. lifted their price target on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, June 15th. Weiss Ratings cut Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.12.

Adecoagro Company 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.