Adecoagro S.A. (NYSE:AGRO) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 73.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,719 shares of the company’s stock after selling 193,635 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of Adecoagro worth $790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in shares of Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock valued at $126,000 after buying an additional 2,794 shares during the period. Vident Advisory LLC grew its position in Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock worth $282,000 after acquiring an additional 4,089 shares during the period. NBC Securities Inc. increased its stake in Adecoagro by 143,775.0% during the first quarter. NBC Securities Inc. now owns 5,755 shares of the company’s stock worth $64,000 after acquiring an additional 5,751 shares during the last quarter. Comprehensive Money Management Services LLC increased its stake in Adecoagro by 17.2% during the first quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company’s stock worth $644,000 after acquiring an additional 8,450 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Adecoagro in the fourth quarter valued at $108,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America cut Adecoagro from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $10.80 in a report on Friday, April 25th. UBS Group decreased their target price on shares of Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price target on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Wednesday, July 16th.

Adecoagro Trading Down 3.9%

AGRO opened at $8.83 on Friday. Adecoagro S.A. has a 52 week low of $8.44 and a 52 week high of $12.07. The company has a quick ratio of 1.04, a current ratio of 1.98 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $9.91. The firm has a market cap of $882.91 million, a P/E ratio of 14.24 and a beta of 0.72.

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.