Journey Advisory Group LLC Reduces Stock Position in Adecoagro S.A. $AGRO

Key Points

• Journey Advisory Group LLC reduced its stake in Adecoagro S.A. by 74.3%, owning approximately 211,938 shares valued at $1,937,000.
• Brokerage firms have downgraded Adecoagro's stock, with Wall Street Zen changing its rating from "hold" to "sell" and Morgan Stanley lowering its price target from $10.00 to $9.50.
• Adecoagro reported a net loss per share of ($0.14) for the last quarter, significantly missing analysts' expectations, while revenue was slightly above expectations at $405.66 million.

Journey Advisory Group LLC lessened its stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 74.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,938 shares of the company's stock after selling 612,003 shares during the quarter. Journey Advisory Group LLC owned about 0.21% of Adecoagro worth $1,937,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AGRO. Comprehensive Money Management Services LLC grew its position in Adecoagro by 17.2% during the first quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company's stock valued at $644,000 after buying an additional 8,450 shares during the period. Tabor Asset Management LP purchased a new position in shares of Adecoagro in the first quarter worth $328,000. Carrera Capital Advisors lifted its holdings in shares of Adecoagro by 15.2% in the first quarter. Carrera Capital Advisors now owns 108,303 shares of the company's stock worth $1,210,000 after buying an additional 14,268 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Adecoagro in the first quarter worth $320,000. Finally, R Squared Ltd lifted its holdings in shares of Adecoagro by 103.0% in the first quarter. R Squared Ltd now owns 15,128 shares of the company's stock worth $169,000 after buying an additional 7,676 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGRO. Wall Street Zen cut shares of Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Weiss Ratings restated a "sell (d+)" rating on shares of Adecoagro in a report on Wednesday, October 8th. Morgan Stanley cut 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. Finally, UBS Group dropped their target price on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Sell" and a consensus price target of $9.60.

Adecoagro Stock Performance

AGRO opened at $7.62 on Monday. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $761.42 million, a PE ratio of 21.76 and a beta of 0.60. The firm has a 50 day moving average of $8.22 and a two-hundred day moving average of $9.10. Adecoagro S.A. has a 12-month low of $7.54 and a 12-month high of $11.86.

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 the consensus estimate of $0.26 by ($0.40). The firm had revenue of $405.66 million for the quarter, compared to analysts' expectations of $402.00 million. Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. On average, analysts anticipate that Adecoagro S.A. will post 1.24 EPS for the current 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.

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