Adecoagro S.A. (NYSE:AGRO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Adecoagro (NYSE:AGRO) traded up $0.04 during trading on Tuesday, reaching $9.70. 595,992 shares of the company’s stock traded hands, compared to its average volume of 577,771. The stock has a market cap of $1,180.00, a PE ratio of 44.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.16 and a current ratio of 1.86. Adecoagro has a 12 month low of $9.52 and a 12 month high of $13.29.

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A number of institutional investors have recently added to or reduced their stakes in AGRO. PointState Capital LP boosted its position in Adecoagro by 244.1% in the 2nd quarter. PointState Capital LP now owns 4,985,000 shares of the company’s stock valued at $49,800,000 after buying an additional 3,536,300 shares during the period. BARING ASSET MANAGEMENT Ltd purchased a new stake in shares of Adecoagro in the 2nd quarter worth approximately $6,758,000. Laurion Capital Management LP purchased a new stake in shares of Adecoagro in the 2nd quarter worth approximately $4,857,000. Teachers Advisors LLC lifted its position in shares of Adecoagro by 48.8% in the 2nd quarter. Teachers Advisors LLC now owns 1,251,837 shares of the company’s stock worth $12,506,000 after purchasing an additional 410,500 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Adecoagro by 169.7% in the 1st quarter. Renaissance Technologies LLC now owns 589,300 shares of the company’s stock worth $6,753,000 after purchasing an additional 370,800 shares during the period. 47.10% of the stock is owned by institutional investors.

About Adecoagro

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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