MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $24.50 Million Stock Position in Adecoagro S.A. $AGRO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Adecoagro S.A. by 24.5% during Q1, owning a total of 2,192,978 shares valued at approximately $24.5 million.
• Analysts have downgraded Adecoagro, with Morgan Stanley reducing its target price from $10.00 to $9.50 and UBS Group lowering it to $8.50, indicating overall bearish sentiment with an average rating of "Sell."
• Adecoagro's stock performance revealed a Q1 earnings miss, reporting a loss of ($0.14) EPS against estimates of $0.26, while revenue slightly surpassed expectations at $405.66 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Adecoagro S.A. (NYSE:AGRO - Free Report) by 24.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,192,978 shares of the company's stock after buying an additional 431,641 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.19% of Adecoagro worth $24,496,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AGRO. NBC Securities Inc. lifted its position in shares of Adecoagro by 143,775.0% in the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after buying an additional 5,751 shares during the last quarter. Lazard Asset Management LLC lifted its position in Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after purchasing an additional 2,794 shares during the last quarter. State of Wyoming bought a new stake in Adecoagro in the 1st quarter valued at about $133,000. Vise Technologies Inc. bought a new stake in Adecoagro in the 4th quarter valued at about $153,000. Finally, R Squared Ltd lifted its position in Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company's stock valued at $169,000 after purchasing an additional 7,676 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Trading Down 2.4%

Shares of Adecoagro stock traded down $0.20 during trading on Friday, hitting $8.02. The stock had a trading volume of 268,992 shares, compared to its average volume of 624,248. The stock has a 50 day simple moving average of $8.91 and a 200 day simple moving average of $9.65. The company has a market capitalization of $801.92 million, a PE ratio of 22.91 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.90 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 1 year low of $7.89 and a 1 year high of $12.07.

Adecoagro (NYSE:AGRO - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $402.00 million. Adecoagro had a return on equity of 3.24% and a net margin of 2.30%. On average, research analysts expect that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGRO. Wall Street Zen downgraded shares of Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Morgan Stanley dropped their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group dropped their price target on shares of Adecoagro from $9.90 to $8.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Sell" and a consensus target price of $9.60.

About Adecoagro

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.