Helikon Investments Ltd Increases Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Key Points

• Helikon Investments Ltd increased its stake in Adecoagro S.A. by 72.5%, now holding 12,037,204 shares valued at approximately $134.46 million, making it the firm's 3rd largest investment position.
• Adecoagro's stock price decreased by 0.4%, opening at $9.10, with recent analysts setting new price targets ranging from $9.50 to $10.80, indicating a negative outlook.
• Institutional investors currently own 45.25% of Adecoagro's stock, with several firms, including R Squared Ltd and Carrera Capital Advisors, increasing their stakes in the first quarter.

Helikon Investments Ltd lifted its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 72.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,037,204 shares of the company's stock after buying an additional 5,060,347 shares during the period. Adecoagro makes up about 10.3% of Helikon Investments Ltd's investment portfolio, making the stock its 3rd biggest position. Helikon Investments Ltd owned approximately 12.04% of Adecoagro worth $134,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. NBC Securities Inc. lifted its position in Adecoagro by 143,775.0% during 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Adecoagro in the fourth quarter valued at about $126,000. Lazard Asset Management LLC lifted its position in shares of Adecoagro by 26.3% in the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after acquiring an additional 2,794 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of Adecoagro in the fourth quarter valued at about $153,000. Finally, R Squared Ltd lifted its position in shares of Adecoagro by 103.0% in the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock valued at $169,000 after acquiring an additional 7,676 shares in the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGRO. Bank of America downgraded Adecoagro from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $12.00 to $10.80 in a research report on Friday, April 25th. UBS Group reduced their price objective on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Morgan Stanley reduced their price objective on Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th.

Adecoagro Trading Up 0.8%

Adecoagro stock traded up $0.08 during mid-day trading on Wednesday, hitting $9.23. The company's stock had a trading volume of 85,242 shares, compared to its average volume of 718,444. The company has a 50 day moving average of $9.27 and a 200-day moving average of $9.89. The stock has a market cap of $922.44 million, a PE ratio of 14.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.98. Adecoagro S.A. has a one year low of $8.44 and a one year high of $12.07.

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.