Comprehensive Money Management Services LLC Sells 35,238 Shares of Adecoagro S.A. $AGRO

Comprehensive Money Management Services LLC reduced its stake in Adecoagro S.A. (NYSE:AGRO - Free Report) by 61.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,392 shares of the company's stock after selling 35,238 shares during the quarter. Comprehensive Money Management Services LLC's holdings in Adecoagro were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AGRO. Insigneo Advisory Services LLC bought a new stake in Adecoagro in the first quarter worth $1,056,000. Tabor Asset Management LP bought a new position in Adecoagro in the 1st quarter worth about $328,000. Carrera Capital Advisors boosted its stake in Adecoagro by 15.2% in the 1st quarter. Carrera Capital Advisors now owns 108,303 shares of the company's stock worth $1,210,000 after purchasing an additional 14,268 shares in the last quarter. XTX Topco Ltd bought a new position in Adecoagro in the 1st quarter worth about $320,000. Finally, R Squared Ltd lifted its stake in shares of Adecoagro by 103.0% in the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after buying an additional 7,676 shares in the last quarter. 45.25% of the stock is owned by institutional investors.

Adecoagro Stock Down 2.2%

AGRO stock opened at $7.55 on Friday. Adecoagro S.A. has a fifty-two week low of $7.54 and a fifty-two week high of $11.86. The business's 50-day moving average is $8.36 and its two-hundred day moving average is $9.25. 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 market cap of $754.92 million, a price-to-earnings ratio of 21.57 and a beta of 0.60.

Adecoagro (NYSE:AGRO - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. As a group, analysts forecast that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AGRO. Morgan Stanley dropped their target price 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. Wall Street Zen cut Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Adecoagro in a report on Wednesday. Finally, UBS Group lowered their price target on Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Adecoagro currently has an average rating of "Strong Sell" and an average price target 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.

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