Cubist Systematic Strategies LLC Has $3.51 Million Stock Position in Adecoagro S.A. $AGRO

Key Points

• Cubist Systematic Strategies LLC increased its stake in Adecoagro S.A. by 155.6%, acquiring 191,431 additional shares, bringing their total to 314,481 shares valued at approximately $3.51 million.
• Adecoagro's stock has faced challenges, with the company reporting an EPS of ($0.14) for the quarter, missing estimates, and experiencing adjustments in analyst ratings and price targets, including a reduction from UBS Group to $8.50.
• Institutional investors now own about 45.25% of Adecoagro, reflecting growing interest from major firms such as Helikon Investments and Jane Street Group.

Cubist Systematic Strategies LLC increased its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 155.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,481 shares of the company's stock after purchasing an additional 191,431 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.31% of Adecoagro worth $3,513,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AGRO. Alpine Global Management LLC bought a new stake in Adecoagro during the 1st quarter worth about $1,609,000. DRW Securities LLC acquired a new stake in shares of Adecoagro in the first quarter valued at about $424,000. Vident Advisory LLC increased its position in shares of Adecoagro by 22.7% in the first quarter. Vident Advisory LLC now owns 36,664 shares of the company's stock valued at $410,000 after acquiring an additional 6,773 shares during the last quarter. State of Wyoming bought a new stake in Adecoagro during the first quarter worth about $133,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Adecoagro during the first quarter worth about $1,907,000. Institutional investors own 45.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AGRO. Morgan Stanley decreased their price target 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 decreased their target price on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Adecoagro from a "hold" rating to a "sell" rating in a report on Sunday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Sell" and a consensus price target of $9.60.

Adecoagro Stock Performance

Shares of AGRO traded up $0.22 during mid-day trading on Wednesday, reaching $8.15. The company's stock had a trading volume of 465,508 shares, compared to its average volume of 620,268. Adecoagro S.A. has a 1-year low of $7.89 and a 1-year high of $12.07. The stock has a market cap of $814.42 million, a P/E ratio of 23.27 and a beta of 0.65. The business has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $9.69. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts anticipate that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

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.