Russell Investments Group Ltd. Purchases 1,823 Shares of Adecoagro S.A. $AGRO

Russell Investments Group Ltd. increased its position in Adecoagro S.A. (NYSE:AGRO) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,843 shares of the company’s stock after purchasing an additional 1,823 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Adecoagro worth $1,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGRO. Susquehanna Fundamental Investments LLC bought a new position in Adecoagro in the fourth quarter worth $1,435,000. Aquatic Capital Management LLC lifted its position in Adecoagro by 837.5% in the fourth quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company’s stock worth $265,000 after purchasing an additional 25,124 shares during the period. Northern Trust Corp lifted its position in Adecoagro by 352.0% in the fourth quarter. Northern Trust Corp now owns 57,549 shares of the company’s stock worth $543,000 after purchasing an additional 44,816 shares during the period. PDT Partners LLC bought a new position in Adecoagro in the fourth quarter worth $349,000. Finally, Jane Street Group LLC lifted its position in Adecoagro by 193.2% in the fourth quarter. Jane Street Group LLC now owns 156,886 shares of the company’s stock worth $1,479,000 after purchasing an additional 103,378 shares during the period. 45.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGRO has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Wall Street Zen cut Adecoagro from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Sell” and an average price target of $10.07.

Adecoagro Stock Performance

Shares of NYSE:AGRO opened at $8.50 on Friday. Adecoagro S.A. has a twelve month low of $8.15 and a twelve month high of $12.07. The firm has a market cap of $849.42 million, a PE ratio of 24.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 1.90. The business has a fifty day moving average of $9.14 and a 200-day moving average of $9.81.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, August 18th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The business had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. On average, equities research analysts predict that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

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.