Comprehensive Money Management Services LLC Takes $705,000 Position in Adecoagro S.A. $AGRO

Comprehensive Money Management Services LLC purchased a new stake in Adecoagro S.A. (NYSE:AGRO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 73,832 shares of the company’s stock, valued at approximately $705,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ghisallo Capital Management LLC acquired a new position in Adecoagro during the fourth quarter worth $2,987,000. Decker Retirement Planning Inc. purchased a new position in shares of Adecoagro during the 1st quarter worth $4,629,000. PDT Partners LLC acquired a new position in shares of Adecoagro during the 2nd quarter valued at about $2,465,000. PenderFund Capital Management Ltd. acquired a new position in shares of Adecoagro during the 2nd quarter valued at about $2,388,000. Finally, Invesco Ltd. grew its holdings in shares of Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

NYSE AGRO opened at $10.70 on Friday. The stock has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $11.34. 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 stock has a market cap of $1.53 billion, a PE ratio of 32.42 and a beta of -0.04. Adecoagro S.A. has a twelve month low of $6.89 and a twelve month high of $15.89.

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

Analysts Set New Price Targets

Several research firms recently issued reports on AGRO. UBS Group cut their price objective on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings cut shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $11.62.

Adecoagro Company Profile

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.