Helikon Investments Ltd Grows Position 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 increased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 72.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,037,204 shares of the company's stock after purchasing an additional 5,060,347 shares during the quarter. Adecoagro accounts for approximately 10.3% of Helikon Investments Ltd's investment portfolio, making the stock its 3rd largest position. Helikon Investments Ltd owned 12.04% of Adecoagro worth $134,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Adecoagro during the 4th quarter valued at approximately $126,000. Causeway Capital Management LLC grew its position in shares of Adecoagro by 88.8% during the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock worth $5,350,000 after buying an additional 266,816 shares during the period. Dauntless Investment Group LLC acquired a new stake in shares of Adecoagro during the 4th quarter worth approximately $1,121,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Adecoagro in the 4th quarter worth $1,435,000. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Adecoagro by 837.5% in the 4th quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company's stock worth $265,000 after purchasing an additional 25,124 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AGRO shares. UBS Group cut their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley decreased their target price on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Bank of America lowered Adecoagro from a "buy" rating to an "underperform" rating and decreased their target price for the company from $12.00 to $10.80 in a research report on Friday, April 25th.

Adecoagro Price Performance

Shares of AGRO traded up $0.12 during trading hours on Monday, reaching $9.20. 200,608 shares of the company's stock traded hands, compared to its average volume of 383,768. The stock has a market cap of $919.41 million, a PE ratio of 14.83 and a beta of 0.72. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $9.27 and its 200-day simple moving average is $9.89. Adecoagro S.A. has a 12 month low of $8.44 and a 12 month 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.