Adecoagro S.A. $AGRO Position Lowered by Route One Investment Company L.P.

Key Points

• Route One Investment Company L.P. reduced its stake in Adecoagro S.A. by 4.4%, now holding approximately 8,511,838 shares, which represents about 4.0% of its total portfolio.
• Adecoagro's stock has a current market price of $8.27, with a year-low of $8.13 and a year-high of $12.07; its PE ratio is 23.61.
• Analysts have mixed ratings on Adecoagro, with an average rating of "Sell" and a target price of $9.60, indicating bearish market sentiment.

Route One Investment Company L.P. decreased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,511,838 shares of the company's stock after selling 388,600 shares during the quarter. Adecoagro accounts for approximately 4.0% of Route One Investment Company L.P.'s portfolio, making the stock its 9th largest holding. Route One Investment Company L.P. owned 8.51% of Adecoagro worth $95,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. grew its stake in shares of 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 purchasing an additional 5,751 shares during the period. Lazard Asset Management LLC grew its stake in shares of 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 purchasing an additional 2,794 shares during the period. State of Wyoming acquired a new stake in shares of Adecoagro during the 1st quarter worth approximately $133,000. Vise Technologies Inc. acquired a new stake in Adecoagro in the 4th quarter valued at $153,000. Finally, R Squared Ltd grew its stake in Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock valued at $169,000 after acquiring an additional 7,676 shares during the period. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Price Performance

AGRO traded up $0.07 on Thursday, hitting $8.22. 242,951 shares of the company's stock were exchanged, compared to its average volume of 710,721. Adecoagro S.A. has a fifty-two week low of $7.89 and a fifty-two 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. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.69. The stock has a market cap of $821.42 million, a price-to-earnings ratio of 23.47 and a beta of 0.65.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its 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). Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.The business had revenue of $405.66 million for the quarter, compared to analyst estimates of $402.00 million. As a group, equities analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 3rd. Morgan Stanley dropped their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Adecoagro from a "hold" rating to a "sell" rating in a research note on Sunday. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Adecoagro presently has a consensus rating of "Sell" and an average target price of $9.60.

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.