PDT Partners LLC Buys Shares of 258,108 Adecoagro S.A. $AGRO

PDT Partners LLC bought a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the second quarter, Holdings Channel reports. The institutional investor bought 258,108 shares of the company’s stock, valued at approximately $2,465,000.

A number of other large investors also recently modified their holdings of the business. Decker Retirement Planning Inc. acquired a new stake in shares of Adecoagro during the 1st quarter worth approximately $4,629,000. Monaco Asset Management SAM acquired a new position in Adecoagro during the 2nd quarter valued at approximately $573,000. Amundi acquired a new position in Adecoagro during the 1st quarter valued at approximately $1,436,000. Stonebridge Financial Group LLC MO bought a new position in Adecoagro during the 4th quarter worth $592,000. Finally, GSA Capital Partners LLP bought a new position in Adecoagro during the 2nd quarter worth $332,000. 45.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AGRO shares. JPMorgan Chase & Co. raised their target price on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, June 15th. Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.12.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $11.10 on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $9.91 and its two-hundred day moving average is $11.32. The firm has a market capitalization of $1.58 billion, a P/E ratio of 33.64 and a beta of -0.04. Adecoagro S.A. has a 52 week low of $6.89 and a 52 week high of $15.89.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The business had revenue of $538.50 million during the quarter, compared to the consensus estimate of $602.01 million. Analysts anticipate that Adecoagro S.A. will post 1.42 earnings per share for the current year.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.