Cubist Systematic Strategies LLC raised its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 21.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,067 shares of the company’s stock after acquiring an additional 15,661 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of Adecoagro worth $973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Adecoagro by 13.0% during the 2nd quarter. Bank of Montreal Can now owns 38,910 shares of the company’s stock valued at $389,000 after purchasing an additional 4,485 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Adecoagro by 28.5% during the 2nd quarter. Sei Investments Co. now owns 25,528 shares of the company’s stock valued at $255,000 after purchasing an additional 5,658 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Adecoagro during the 2nd quarter valued at $1,447,000. Ironsides Asset Advisors LLC purchased a new stake in shares of Adecoagro during the 2nd quarter valued at $476,000. Finally, Newfoundland Capital Management lifted its holdings in shares of Adecoagro by 33.1% during the 2nd quarter. Newfoundland Capital Management now owns 138,837 shares of the company’s stock valued at $1,387,000 after purchasing an additional 34,532 shares during the last quarter. 43.34% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. BidaskClub lowered Adecoagro from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. TheStreet lowered Adecoagro from a “c” rating to a “d+” rating in a report on Wednesday, November 15th.

Adecoagro S.A. (NYSE AGRO) opened at $10.28 on Thursday. The stock has a market capitalization of $1,237.06, a price-to-earnings ratio of 72.79 and a beta of 1.04. The company has a debt-to-equity ratio of 1.34, a current ratio of 3.28 and a quick ratio of 2.40. Adecoagro S.A. has a 52 week low of $8.33 and a 52 week high of $13.29.

Adecoagro (NYSE:AGRO) last issued its earnings results on Monday, November 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.13). The firm had revenue of $262.99 million during the quarter. Adecoagro had a return on equity of 2.58% and a net margin of 1.78%. analysts forecast that Adecoagro S.A. will post 0.31 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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