Fox Run Management L.L.C. Buys Shares of 37,514 Adecoagro S.A. $AGRO

Key Points

• Fox Run Management L.L.C. acquired 37,514 shares of Adecoagro S.A. for approximately $419,000 in Q1.
• Institutional investors collectively own 45.25% of Adecoagro's stock, with notable recent purchases by Dauntless Investment Group and Aquatic Capital Management.
• Wall Street analysts have recently downgraded Adecoagro's ratings, with Bank of America and Morgan Stanley reducing their price targets significantly.

Fox Run Management L.L.C. acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,514 shares of the company's stock, valued at approximately $419,000.

Other large investors also recently made changes to their positions in the company. Dauntless Investment Group LLC bought a new stake in Adecoagro in the 4th quarter valued at about $1,121,000. Susquehanna Fundamental Investments LLC bought a new position in Adecoagro in the fourth quarter valued at about $1,435,000. Aquatic Capital Management LLC boosted its position in Adecoagro by 837.5% during the 4th quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company's stock worth $265,000 after buying an additional 25,124 shares during the period. Northern Trust Corp raised its stake in shares of Adecoagro by 352.0% during the fourth quarter. Northern Trust Corp now owns 57,549 shares of the company's stock valued at $543,000 after acquiring an additional 44,816 shares during the last quarter. Finally, PDT Partners LLC bought a new position in shares of Adecoagro during the fourth quarter valued at $349,000. Institutional investors own 45.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AGRO. UBS Group decreased their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Adecoagro from a "hold" rating to a "sell" rating in a report on Friday. Finally, Morgan Stanley lowered their price objective on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Adecoagro has an average rating of "Sell" and a consensus price target of $10.07.

Adecoagro Price Performance

Shares of AGRO stock traded up $0.2350 during trading on Friday, hitting $8.8050. The company had a trading volume of 649,587 shares, compared to its average volume of 503,478. The company has a quick ratio of 0.95, a current ratio of 1.90 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52 week low of $8.15 and a 52 week high of $12.07. The stock has a market capitalization of $880.41 million, a price-to-earnings ratio of 25.16 and a beta of 0.72. The stock's 50-day moving average is $9.22 and its two-hundred day moving average is $9.85.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $405.66 million for the quarter, compared to analysts' expectations of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. As a group, analysts predict that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

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.