Alpine Global Management LLC Makes New $1.61 Million Investment in Adecoagro S.A. $AGRO

Key Points

• Alpine Global Management LLC acquired a new stake in Adecoagro S.A. during the 1st quarter, purchasing 144,071 shares valued at approximately $1.6 million, representing about 0.14% ownership.
• Several hedge funds have adjusted their stakes in Adecoagro, with 45.25% of the stock currently owned by institutional investors.
• Analyst ratings for Adecoagro vary, with a consensus rating of “Sell” and a target price reduction from $10.00 to $9.50 by Morgan Stanley.

Alpine Global Management LLC bought a new stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 144,071 shares of the company's stock, valued at approximately $1,609,000. Alpine Global Management LLC owned approximately 0.14% of Adecoagro as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Helikon Investments Ltd boosted its stake in shares of Adecoagro by 72.5% during the 1st quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company's stock worth $134,456,000 after purchasing an additional 5,060,347 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Adecoagro by 68.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock worth $16,609,000 after acquiring an additional 714,911 shares during the period. Voloridge Investment Management LLC boosted its holdings in Adecoagro by 3.5% during the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company's stock worth $4,486,000 after buying an additional 16,291 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Adecoagro by 48.5% during the fourth quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company's stock worth $2,195,000 after buying an additional 75,975 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in Adecoagro during the first quarter valued at $1,907,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Adecoagro Stock Performance

Shares of Adecoagro stock traded down $0.08 during trading hours on Wednesday, reaching $8.30. The company's stock had a trading volume of 499,754 shares, compared to its average volume of 556,751. Adecoagro S.A. has a one year low of $8.15 and a one year high of $12.07. The stock has a market cap of $829.42 million, a P/E ratio of 23.70 and a beta of 0.65. 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's 50 day simple moving average is $9.07 and its 200 day simple moving average is $9.78.

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 analysts' consensus estimates of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The company had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. As a group, analysts expect that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGRO has been the subject of a number of recent research reports. Morgan Stanley reduced their target price 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. UBS Group decreased their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Adecoagro from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus 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.