Mirae Asset Global Investments Co. Ltd. Raises Holdings in Adecoagro S.A. (NYSE:AGRO)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Adecoagro S.A. (NYSE:AGRO) by 60.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,671 shares of the company’s stock after purchasing an additional 167,608 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Adecoagro were worth $4,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGRO. Goldman Sachs Group Inc. acquired a new position in Adecoagro in the second quarter valued at approximately $13,015,000. Sagil Capital LLP acquired a new position in Adecoagro in the second quarter valued at approximately $9,245,000. Verition Fund Management LLC acquired a new position in Adecoagro in the first quarter valued at approximately $6,060,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Adecoagro by 388.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock valued at $4,233,000 after acquiring an additional 287,919 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Adecoagro by 10.5% in the third quarter. Bank of New York Mellon Corp now owns 2,790,024 shares of the company’s stock valued at $23,130,000 after acquiring an additional 264,483 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Trading Down 3.0 %

Shares of AGRO stock opened at $10.77 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 5.10 and a beta of 1.12. The stock has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $10.70. Adecoagro S.A. has a 1-year low of $7.93 and a 1-year high of $12.51.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.56.

Adecoagro Profile

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.