PDT Partners LLC Takes Position in Adecoagro SA (NYSE:AGRO)
PDT Partners LLC acquired a new stake in Adecoagro SA (NYSE:AGRO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,010 shares of the company’s stock, valued at approximately $56,000.
Other large investors also recently bought and sold shares of the company. Pathstone Family Office LLC bought a new stake in shares of Adecoagro in the 1st quarter valued at approximately $35,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Adecoagro in the 2nd quarter valued at approximately $50,000. Aigen Investment Management LP bought a new stake in shares of Adecoagro in the 1st quarter valued at approximately $49,000. Paloma Partners Management Co bought a new stake in shares of Adecoagro in the 1st quarter valued at approximately $50,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Adecoagro by 374.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,954 shares of the company’s stock valued at $230,000 after purchasing an additional 41,801 shares during the last quarter. 53.21% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:AGRO opened at $5.05 on Wednesday. Adecoagro SA has a 12-month low of $3.31 and a 12-month high of $8.70. The business’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $4.57. The company has a market capitalization of $597.14 million, a PE ratio of -6.73 and a beta of 1.18. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 1.01.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. began coverage on Adecoagro in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $6.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Adecoagro currently has a consensus rating of “Hold” and an average price target of $5.50.
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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