Adecoagro S.A. $AGRO Stock Position Lifted by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its stake in Adecoagro S.A. by 162.3% in the 1st quarter, owning 48,291 shares valued at approximately $539,000.
• Adecoagro saw mixed analyst ratings, with one firm upgrading it to a "hold" while others, including Morgan Stanley, set an "underweight" rating with a target price decrease.
• The company's latest earnings report revealed a loss of ($0.14) EPS, falling short of the consensus estimate of $0.26 EPS, but it exceeded revenue expectations with $405.66 million.

Maverick Capital Ltd. boosted its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 162.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,291 shares of the company's stock after purchasing an additional 29,883 shares during the period. Maverick Capital Ltd.'s holdings in Adecoagro were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Helikon Investments Ltd lifted its stake in Adecoagro by 72.5% during the first quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company's stock valued at $134,456,000 after purchasing an additional 5,060,347 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Adecoagro by 68.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after purchasing an additional 714,911 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Adecoagro by 3.5% during the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company's stock valued at $4,486,000 after purchasing an additional 16,291 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Adecoagro by 155.6% during the first quarter. Cubist Systematic Strategies LLC now owns 314,481 shares of the company's stock valued at $3,513,000 after purchasing an additional 191,431 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Adecoagro by 48.5% during the fourth quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company's stock valued at $2,195,000 after purchasing an additional 75,975 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on AGRO shares. Wall Street Zen lowered shares of Adecoagro from a "hold" rating to a "sell" rating in a research note on Sunday. 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 cut their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Sell" and an average target price of $9.60.

Adecoagro Stock Down 0.2%

AGRO traded down $0.02 on Friday, reaching $8.27. 399,808 shares of the company traded hands, compared to its average volume of 567,069. The stock's 50 day moving average price is $9.03 and its 200-day moving average price is $9.73. Adecoagro S.A. has a 52-week low of $8.13 and a 52-week high of $12.07. The company has a market cap of $826.42 million, a price-to-earnings ratio of 23.61 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) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The company had revenue of $405.66 million for the quarter, compared to analysts' expectations of $402.00 million. On average, sell-side analysts expect that Adecoagro S.A. will post 1.24 EPS for the current fiscal 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.