206,627 Shares in Adecoagro S.A. (NYSE:AGRO) Purchased by Sapient Capital LLC

Sapient Capital LLC acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 206,627 shares of the company’s stock, valued at approximately $2,294,000. Sapient Capital LLC owned 0.19% of Adecoagro at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AGRO. Semanteon Capital Management LP acquired a new position in Adecoagro during the fourth quarter worth about $225,000. Jennison Associates LLC lifted its stake in Adecoagro by 5.0% during the fourth quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock valued at $59,622,000 after purchasing an additional 255,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Adecoagro by 60.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock worth $4,914,000 after buying an additional 167,608 shares in the last quarter. Quent Capital LLC grew its position in Adecoagro by 25.0% in the fourth quarter. Quent Capital LLC now owns 74,980 shares of the company’s stock worth $832,000 after buying an additional 15,000 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Adecoagro in the fourth quarter valued at $284,000. Institutional investors own 45.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Adecoagro from a “hold” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.17.

Adecoagro Stock Up 3.3 %

Shares of AGRO stock traded up $0.36 during trading on Friday, hitting $11.11. 884,962 shares of the company were exchanged, compared to its average volume of 503,399. The business’s 50-day simple moving average is $10.70 and its 200 day simple moving average is $10.71. Adecoagro S.A. has a twelve month low of $8.11 and a twelve month high of $12.51. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14.

Adecoagro (NYSE:AGRO) last issued its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The company had revenue of $263.95 million for the quarter. As a group, analysts forecast that Adecoagro S.A. will post 1.69 EPS for the current fiscal year.

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.