PDT Partners LLC Purchases 104,598 Shares of Adecoagro S.A. $AGRO

Key Points

• PDT Partners LLC increased its stake in Adecoagro S.A. by 282.7%, owning 141,592 shares worth approximately $1.58 million at the end of the first quarter.
• Adecoagro's latest earnings report showed an EPS of ($0.14), significantly missing analysts' expectations of $0.26.
• The stock has a market cap of $837.42 million and is currently trading below the consensus price target of $10.07.

PDT Partners LLC lifted its stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 282.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,592 shares of the company's stock after acquiring an additional 104,598 shares during the period. PDT Partners LLC owned 0.14% of Adecoagro worth $1,582,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AGRO. Quantbot Technologies LP raised its holdings in Adecoagro by 5.8% in the first quarter. Quantbot Technologies LP now owns 26,888 shares of the company's stock valued at $300,000 after buying an additional 1,481 shares during the period. Russell Investments Group Ltd. raised its holdings in Adecoagro by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company's stock valued at $1,216,000 after buying an additional 1,823 shares during the period. Lazard Asset Management LLC raised its holdings in Adecoagro by 26.3% in the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after buying an additional 2,794 shares during the period. Vident Advisory LLC raised its holdings in Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock valued at $282,000 after buying an additional 4,089 shares during the period. Finally, NBC Securities Inc. raised its holdings in 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 buying an additional 5,751 shares during the period. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AGRO. 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. Morgan Stanley lowered their price objective on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Adecoagro from a "hold" rating to a "sell" rating in a research report on Sunday. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Sell" and an average target price of $9.60.

Adecoagro Stock Performance

Shares of AGRO stock traded down $0.02 during trading hours on Friday, reaching $8.27. The stock had a trading volume of 399,808 shares, compared to its average volume of 560,336. 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 S.A. has a twelve month low of $8.13 and a twelve month high of $12.07. The firm has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $9.74. The firm has a market capitalization of $826.42 million, a PE ratio of 23.61 and a beta of 0.65.

Adecoagro (NYSE:AGRO - Get Free Report) last released its quarterly earnings data on Monday, August 18th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.The firm had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. As a group, equities analysts forecast that Adecoagro S.A. will post 1.24 earnings per share for the current year.

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.