DRW Securities LLC Makes New Investment in Adecoagro S.A. $AGRO

Key Points

• DRW Securities LLC has made a new investment in Adecoagro S.A. by purchasing 37,963 shares valued at approximately $424,000 during the first quarter.
• Several other institutional investors, including NBC Securities Inc. and Lazard Asset Management LLC, have significantly increased their holdings in Adecoagro in recent quarters, with hedge funds now owning 45.25% of the company's stock.
• Adecoagro's stock has a current average rating of "Sell" from analysts, with a consensus target price of $10.07, reflecting recent downward adjustments in price targets by firms like Morgan Stanley.

DRW Securities LLC purchased a new position in Adecoagro S.A. (NYSE:AGRO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,963 shares of the company's stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. boosted its holdings in Adecoagro by 143,775.0% in the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after acquiring an additional 5,751 shares during the period. Lazard Asset Management LLC boosted its holdings in Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after acquiring an additional 2,794 shares during the period. State of Wyoming purchased a new position in Adecoagro in the 1st quarter worth approximately $133,000. Vise Technologies Inc. purchased a new position in Adecoagro in the 4th quarter worth approximately $153,000. Finally, R Squared Ltd boosted its holdings in Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after acquiring an additional 7,676 shares during the period. Hedge funds and other institutional investors own 45.25% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AGRO shares. Wall Street Zen raised shares of Adecoagro from a "sell" rating to a "hold" rating in a research report on Saturday. Morgan Stanley decreased their price target 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. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Sell" and a consensus target price of $10.07.

Adecoagro Stock Performance

Shares of AGRO opened at $8.45 on Monday. The business's fifty day moving average price is $9.12 and its 200 day moving average price is $9.81. Adecoagro S.A. has a 12-month low of $8.15 and a 12-month high of $12.07. The stock has a market capitalization of $844.42 million, a PE ratio of 24.13 and a beta of 0.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $405.66 million for the quarter, compared to the consensus estimate of $402.00 million. Equities research analysts forecast that Adecoagro S.A. will post 1.24 EPS for the current year.

Adecoagro 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.

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