Amundi Acquires 35,530 Shares of 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 boosted its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 730,766 shares of the company's stock after purchasing an additional 35,530 shares during the quarter. Amundi owned about 0.73% of Adecoagro worth $8,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AGRO. Insigneo Advisory Services LLC purchased a new stake in shares of Adecoagro during the 1st quarter worth about $1,056,000. Northern Trust Corp increased its position in Adecoagro by 352.0% in the fourth quarter. Northern Trust Corp now owns 57,549 shares of the company's stock worth $543,000 after buying an additional 44,816 shares during the period. Helikon Investments Ltd increased its holdings in shares of Adecoagro by 72.5% during the first quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company's stock valued at $134,456,000 after purchasing an additional 5,060,347 shares during the period. Comprehensive Money Management Services LLC acquired a new position in shares of Adecoagro during the fourth quarter valued at $464,000. Finally, Tabor Asset Management LP bought a new position in Adecoagro during the first quarter valued at about $328,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AGRO. Morgan Stanley reduced 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. Wall Street Zen downgraded Adecoagro from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Finally, UBS Group lowered their target price on Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Sell" and a consensus price target of $9.60.

Adecoagro Stock Down 2.4%

NYSE AGRO traded down $0.20 during trading hours on Friday, hitting $8.02. 268,992 shares of the company traded hands, compared to its average volume of 624,248. The business's 50-day moving average is $8.91 and its 200-day moving average is $9.66. Adecoagro S.A. has a twelve month low of $7.89 and a twelve month high of $12.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 1.90. The stock has a market capitalization of $801.92 million, a price-to-earnings ratio of 22.91 and a beta of 0.65.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.40). The firm had revenue of $405.66 million for 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%. Sell-side analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share 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.