683 Capital Management LLC Sells 125,897 Shares of Adecoagro S.A. $AGRO

Key Points

• 683 Capital Management LLC has reduced its holdings in Adecoagro S.A. by 21%, selling 125,897 shares and owning 474,103 shares worth approximately $5.3 million following the transaction.
• Adecoagro's stock performance indicates a current price of $8.45, with a one-year range between $8.15 and $12.07, and it reported a loss of ($0.14) earnings per share for the latest quarter.
• Several institutional investors increased their stakes in Adecoagro, with Helikon Investments Ltd leading by raising its position by 72.5% and now owning over 12 million shares valued at $134 million.

683 Capital Management LLC decreased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 21.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,103 shares of the company's stock after selling 125,897 shares during the period. 683 Capital Management LLC owned 0.47% of Adecoagro worth $5,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. lifted its position in Adecoagro by 143,775.0% during the 1st 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. State of Wyoming acquired a new position in Adecoagro during the 1st quarter worth $133,000. Lazard Asset Management LLC lifted its position in Adecoagro by 26.3% during the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after acquiring an additional 2,794 shares during the last quarter. R Squared Ltd lifted its position in Adecoagro by 103.0% during the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after acquiring an additional 7,676 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of Adecoagro during the fourth quarter valued at about $153,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AGRO shares. UBS Group cut their price objective on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley cut their price objective 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. Finally, Wall Street Zen raised shares of Adecoagro from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Sell" and a consensus target price of $9.60.

Adecoagro Price Performance

NYSE AGRO traded down $0.02 on Friday, reaching $8.27. The company's stock had a trading volume of 399,808 shares, compared to its average volume of 560,336. The firm has a market cap of $826.44 million, a PE ratio of 23.61 and a beta of 0.65. The business has a 50-day moving average price of $9.03 and a 200 day moving average price of $9.75. Adecoagro S.A. has a 52 week low of $8.13 and a 52 week high of $12.07. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO - Get Free Report) last posted 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). The business had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. Sell-side analysts expect that Adecoagro S.A. will post 1.24 EPS for the current 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.