Cantor Fitzgerald L. P. Purchases Shares of 138,025 Adecoagro S.A. $AGRO

Cantor Fitzgerald L. P. bought a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 138,025 shares of the company’s stock, valued at approximately $1,082,000. Cantor Fitzgerald L. P. owned 0.14% of Adecoagro at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jeppson Wealth Management LLC purchased a new position in Adecoagro in the 3rd quarter worth approximately $124,000. State of Wyoming boosted its holdings in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after purchasing an additional 5,334 shares during the last quarter. R Squared Ltd grew its position in shares of Adecoagro by 61.1% during the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after purchasing an additional 8,462 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Adecoagro in the second quarter worth about $277,000. Finally, Magnetar Financial LLC increased its holdings in shares of Adecoagro by 105.9% in the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock worth $289,000 after purchasing an additional 16,260 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGRO shares. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. UBS Group reduced their price target on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Citigroup started coverage on shares of Adecoagro in a research note on Monday, February 16th. They set a “buy” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. Finally, Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $8.50.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $10.84 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $8.92 and its two-hundred day moving average is $8.29. Adecoagro S.A. has a 52 week low of $6.89 and a 52 week high of $11.78. The company has a market capitalization of $1.09 billion, a PE ratio of 47.15 and a beta of 0.44.

Adecoagro Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.