Adecoagro S.A. (NYSE:AGRO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its position in shares of Adecoagro S.A. (NYSE:AGRO – Get Rating) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,650 shares of the company’s stock after selling 12,350 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.16% of Adecoagro worth $1,465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathstone Family Office LLC acquired a new position in Adecoagro during the third quarter worth $87,000. Moors & Cabot Inc. purchased a new position in Adecoagro during the third quarter worth $104,000. Boothbay Fund Management LLC purchased a new position in Adecoagro during the third quarter worth $104,000. UBS Asset Management Americas Inc. purchased a new position in Adecoagro during the third quarter worth $141,000. Finally, Lazard Asset Management LLC increased its position in Adecoagro by 196.5% during the third quarter. Lazard Asset Management LLC now owns 17,226 shares of the company’s stock worth $142,000 after buying an additional 11,416 shares in the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $7.36 on Friday. The company has a market cap of $819.76 million, a P/E ratio of 7.51 and a beta of 1.02. The company has a quick ratio of 0.84, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. Adecoagro S.A. has a 52 week low of $6.95 and a 52 week high of $13.55. The business has a fifty day simple moving average of $8.11 and a 200-day simple moving average of $8.20.

Analysts Set New Price Targets

AGRO has been the subject of several recent research reports. Morgan Stanley downgraded Adecoagro from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, February 7th. JPMorgan Chase & Co. downgraded Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Wednesday, February 8th. Finally, StockNews.com assumed coverage on Adecoagro in a research report on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.50.

Adecoagro Company Profile

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Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy, Land Transformation, and Corporate. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.