Bailard Inc. Makes New $262,000 Investment in Adecoagro S.A. (NYSE:AGRO)

Bailard Inc. bought a new stake in Adecoagro S.A. (NYSE:AGRO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,900 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds also recently modified their holdings of AGRO. Tower Research Capital LLC TRC boosted its holdings in Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after purchasing an additional 2,923 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Adecoagro in the 1st quarter worth approximately $128,000. BigSur Wealth Management LLC bought a new position in Adecoagro in the 2nd quarter valued at $175,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Adecoagro during the 1st quarter valued at $176,000. Finally, Principal Securities Inc. bought a new stake in shares of Adecoagro during the 4th quarter worth $204,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGRO. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and increased their target price for the company from $10.50 to $11.50 in a research report on Monday, July 1st.

Adecoagro Trading Down 0.1 %

Shares of AGRO opened at $10.65 on Tuesday. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The business has a 50-day moving average of $9.86 and a 200 day moving average of $10.19. The firm has a market cap of $1.11 billion, a P/E ratio of 4.51, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87.

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.