Amundi Boosts Stake in Adecoagro S.A. $AGRO

Key Points

• Amundi increased its holdings in Adecoagro S.A. by 5.1% during the 1st quarter, now owning approximately 730,766 shares valued at $8.18 million.
• Adecoagro reported a loss of ($0.14) EPS for the last quarter, missing the consensus estimate, although its revenue was slightly above expectations at $405.66 million.
• Wall Street analysts have rated Adecoagro with an average rating of "Sell" and set an average target price of $9.60, reflecting a cautious outlook on the company's performance.

Amundi grew its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 730,766 shares of the company's stock after buying an additional 35,530 shares during the period. Amundi owned 0.73% of Adecoagro worth $8,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. lifted its holdings 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 buying an additional 5,751 shares during the last quarter. Lazard Asset Management LLC lifted its holdings 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 buying an additional 2,794 shares during the last quarter. State of Wyoming purchased a new stake in Adecoagro during the 1st quarter worth about $133,000. Vise Technologies Inc. purchased a new stake in Adecoagro during the 4th quarter worth about $153,000. Finally, R Squared Ltd lifted its holdings 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 buying an additional 7,676 shares during the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

Adecoagro Stock Performance

Shares of Adecoagro stock traded up $0.08 on Monday, hitting $8.13. The stock had a trading volume of 537,061 shares, compared to its average volume of 610,949. The stock has a market cap of $812.42 million, a price-to-earnings ratio of 23.21 and a beta of 0.65. Adecoagro S.A. has a 52-week low of $7.89 and a 52-week high of $12.07. The company's 50 day moving average price is $8.89 and its 200 day moving average price is $9.62. 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 issued its quarterly earnings results on Monday, August 18th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). The company had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. On average, research analysts anticipate that Adecoagro S.A. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

AGRO has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a report on Wednesday, September 3rd. Morgan Stanley reduced their target price on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. 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, Adecoagro has a consensus rating of "Sell" and an average price target of $9.60.

Adecoagro 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.