Adecoagro S.A. (NYSE:AGRO) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Shares of Adecoagro (NYSE AGRO) opened at 10.34 on Thursday. The firm has a 50-day moving average of $10.16 and a 200-day moving average of $10.52. The stock has a market cap of $1.25 billion, a PE ratio of 47.00 and a beta of 1.13. Adecoagro has a one year low of $9.52 and a one year high of $13.29.

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Institutional investors have recently added to or reduced their stakes in the business. Cutler Group LP lifted its holdings in Adecoagro by 515.2% in the second quarter. Cutler Group LP now owns 11,074 shares of the company’s stock valued at $110,000 after acquiring an additional 9,274 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Adecoagro during the 2nd quarter worth $127,000. HighTower Advisors LLC acquired a new position in shares of Adecoagro during the 2nd quarter worth $129,000. KCG Holdings Inc. acquired a new position in shares of Adecoagro during the 1st quarter worth $151,000. Finally, Yorktown Management & Research Co Inc raised its stake in shares of Adecoagro by 40.0% during the 2nd quarter. Yorktown Management & Research Co Inc now owns 17,500 shares of the company’s stock worth $175,000 after buying an additional 5,000 shares during the last quarter. 47.64% of the stock is owned by institutional investors.

Adecoagro Company Profile

Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.

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