Adecoagro (NYSE:AGRO – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Adecoagro Price Performance
NYSE:AGRO opened at $9.79 on Wednesday. Adecoagro has a one year low of $8.72 and a one year high of $12.07. The company has a market cap of $1.02 billion, a P/E ratio of 6.52, a P/E/G ratio of 1.29 and a beta of 1.03. The firm’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $10.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.
Hedge Funds Weigh In On Adecoagro
Several institutional investors and hedge funds have recently modified their holdings of AGRO. Public Employees Retirement System of Ohio acquired a new position in shares of Adecoagro in the third quarter valued at $37,000. Point72 Hong Kong Ltd grew its stake in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares in the last quarter. R Squared Ltd acquired a new position in shares of Adecoagro in the fourth quarter valued at about $70,000. Blue Trust Inc. grew its stake in shares of Adecoagro by 1,281.5% in the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after acquiring an additional 6,792 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Adecoagro in the third quarter valued at about $94,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.
About Adecoagro
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.
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