Blue Trust Inc. Has $58,000 Holdings in Adecoagro S.A. (NYSE:AGRO)

Blue Trust Inc. lowered its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,151 shares of the company’s stock after selling 1,171 shares during the period. Blue Trust Inc.’s holdings in Adecoagro were worth $58,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Helikon Investments Ltd lifted its stake in shares of Adecoagro by 0.5% during the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock valued at $65,792,000 after acquiring an additional 35,000 shares during the period. Citigroup Inc. lifted its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after acquiring an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Adecoagro by 14,282.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after acquiring an additional 155,681 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Adecoagro by 1.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock valued at $1,657,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Ping Capital Management Inc. increased its holdings in Adecoagro by 1.9% in the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock worth $990,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Trading Down 1.7 %

NYSE:AGRO opened at $10.61 on Tuesday. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.07. The firm has a 50-day moving average price of $9.75 and a two-hundred day moving average price of $10.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.63.

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.