Itau Unibanco Holding S.A. Invests $1.91 Million in Adecoagro S.A. $AGRO

Key Points

• Itau Unibanco Holding S.A. has acquired 170,724 shares of Adecoagro S.A. (NYSE:AGRO), valued at approximately $1.9 million, representing 0.17% of the company.
• Adecoagro's stock is currently priced at $8.41, with a market capitalization of $840.42 million and a PE ratio of 24.01.
• Recent earnings report showed Adecoagro posted a loss with an EPS of ($0.14), missing estimates, while analysts have mostly downgraded the stock to a consensus rating of "Sell."

Itau Unibanco Holding S.A. bought a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 170,724 shares of the company's stock, valued at approximately $1,907,000. Itau Unibanco Holding S.A. owned about 0.17% of Adecoagro at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Adecoagro by 143,775.0% in 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 during the period. Lazard Asset Management LLC grew its stake 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 worth $126,000 after acquiring an additional 2,794 shares during the last quarter. Vise Technologies Inc. bought a new stake in Adecoagro in the 4th quarter valued at $153,000. R Squared Ltd raised its position in shares of Adecoagro by 103.0% during the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock valued at $169,000 after buying an additional 7,676 shares during the last quarter. Finally, PharVision Advisers LLC bought a new stake in shares of Adecoagro in the fourth quarter valued at about $225,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Price Performance

Shares of Adecoagro stock traded down $0.07 during midday trading on Friday, hitting $8.45. 385,872 shares of the company were exchanged, compared to its average volume of 575,505. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95. The firm has a market cap of $844.44 million, a P/E ratio of 24.13 and a beta of 0.72. Adecoagro S.A. has a 52 week low of $8.15 and a 52 week high of $12.07. The firm has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $9.80.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported ($0.14) 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 company had revenue of $405.66 million for the quarter, compared to the consensus estimate of $402.00 million. Research analysts forecast that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen raised Adecoagro from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley lowered their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Sell" and a consensus price target of $10.07.

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.