Point72 Hong Kong Ltd Acquires Shares of 4,267 Adecoagro S.A. (NYSE:AGRO)

Point72 Hong Kong Ltd bought a new position in Adecoagro S.A. (NYSE:AGRO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 4,267 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently modified their holdings of the stock. Helikon Investments Ltd lifted its position in Adecoagro by 95.5% in the first quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock worth $27,847,000 after buying an additional 1,234,654 shares during the last quarter. Discovery Capital Management LLC CT lifted its holdings in shares of Adecoagro by 39.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after acquiring an additional 667,878 shares during the last quarter. Herr Investment Group LLC lifted its holdings in shares of Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock worth $25,780,000 after acquiring an additional 616,345 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Adecoagro by 10.5% during the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock worth $65,379,000 after purchasing an additional 561,352 shares during the period. Finally, Boston Partners grew its holdings in Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares during the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Down 2.1 %

AGRO opened at $11.37 on Friday. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.51. The company has a market capitalization of $1.18 billion, a P/E ratio of 4.82, a PEG ratio of 1.20 and a beta of 1.08. The stock’s fifty day moving average is $10.67 and its two-hundred day moving average is $10.41. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. The firm had revenue of $411.42 million for the quarter. Analysts forecast that Adecoagro S.A. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AGRO shares. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $10.50 to $11.50 in a research note on Monday, July 1st. Bank of America dropped their price objective on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. Morgan Stanley lowered Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. Finally, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Adecoagro presently has an average rating of “Hold” and an average target price of $12.63.

Adecoagro Company 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.