Invesco Ltd. Cuts Stock Holdings in Adecoagro S.A. $AGRO

Key Points

• Invesco Ltd. reduced its stake in Adecoagro S.A. by 22.7% in Q1, owning approximately $2.74 million worth after selling 72,411 shares.
• Several institutional investors have increased their holdings in Adecoagro, with NBC Securities Inc. growing its stake by an impressive 143,775% during the same quarter.
• Adecoagro's recent earnings report revealed an EPS of ($0.14), missing analysts' expectations significantly, although the company reported revenue exceeding estimates at $405.66 million.

Invesco Ltd. lowered its stake in Adecoagro S.A. (NYSE:AGRO - Free Report) by 22.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 246,008 shares of the company's stock after selling 72,411 shares during the quarter. Invesco Ltd. owned about 0.25% of Adecoagro worth $2,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NBC Securities Inc. increased its holdings in Adecoagro by 143,775.0% in the first quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock valued at $64,000 after purchasing an additional 5,751 shares during the period. Lazard Asset Management LLC grew its position 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 buying an additional 2,794 shares during the period. Vise Technologies Inc. bought a new stake in shares of Adecoagro in the 4th quarter valued at $153,000. R Squared Ltd boosted its stake in Adecoagro by 103.0% during the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after acquiring an additional 7,676 shares in the last quarter. Finally, PharVision Advisers LLC bought a new stake in Adecoagro in the fourth quarter valued at $225,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Trading Down 1.4%

AGRO stock traded down $0.12 during trading on Wednesday, hitting $8.26. 213,132 shares of the company traded hands, compared to its average volume of 716,895. 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 company has a 50-day moving average of $9.08 and a 200-day moving average of $9.79. The firm has a market capitalization of $825.44 million, a PE ratio of 23.59 and a beta of 0.65. Adecoagro S.A. has a 1 year low of $8.15 and a 1 year high of $12.07.

Adecoagro (NYSE:AGRO - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The company reported ($0.14) earnings per share 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 firm had revenue of $405.66 million during the quarter, compared to analysts' expectations of $402.00 million. Analysts predict that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AGRO has been the subject of several analyst reports. 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. UBS Group cut their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded Adecoagro from a "sell" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Sell" and an average price target of $9.60.

Adecoagro Company 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.