Short Interest in Adecoagro S.A. (NYSE:AGRO) Drops By 71.3%

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 275,700 shares, a decline of 71.3% from the March 31st total of 961,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 908,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGRO. Banco Santander S.A. bought a new position in Adecoagro during the 4th quarter valued at about $73,714,000. Helikon Investments Ltd grew its stake in Adecoagro by 0.5% in the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock valued at $65,792,000 after purchasing an additional 35,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Adecoagro by 68.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock worth $16,609,000 after acquiring an additional 714,911 shares in the last quarter. 683 Capital Management LLC lifted its holdings in shares of Adecoagro by 6.2% during the 4th quarter. 683 Capital Management LLC now owns 600,000 shares of the company's stock valued at $5,658,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Causeway Capital Management LLC increased its holdings in shares of Adecoagro by 88.8% during the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after acquiring an additional 266,816 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGRO has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group dropped their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a report on Tuesday. Morgan Stanley lowered shares of Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $13.00 to $10.00 in a report on Monday. Finally, Bank of America downgraded Adecoagro from a "buy" rating to an "underperform" rating and decreased their target price for the company from $12.00 to $10.80 in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.55.

Adecoagro Stock Performance

Shares of NYSE AGRO traded down $0.34 during trading on Friday, hitting $8.84. The company had a trading volume of 1,282,211 shares, compared to its average volume of 840,161. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro has a 12 month low of $8.72 and a 12 month high of $12.08. The firm has a market capitalization of $883.94 million, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The stock has a 50 day simple moving average of $10.85 and a 200 day simple moving average of $10.56.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a dividend of $0.175 per share. This represents a yield of 3%. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date is Friday, May 2nd. Adecoagro's dividend payout ratio (DPR) is presently 39.33%.

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.