Tabor Asset Management LP Invests $328,000 in Adecoagro S.A. (NYSE:AGRO)

Tabor Asset Management LP acquired a new position in Adecoagro S.A. (NYSE:AGRO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,322 shares of the company's stock, valued at approximately $328,000.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Adecoagro by 26.3% during the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after acquiring an additional 2,794 shares during the last quarter. Vident Advisory LLC boosted its stake in Adecoagro by 15.8% during the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock valued at $282,000 after acquiring an additional 4,089 shares during the last quarter. NBC Securities Inc. boosted its stake in Adecoagro by 143,775.0% during the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock valued at $64,000 after acquiring an additional 5,751 shares during the last quarter. Comprehensive Money Management Services LLC boosted its stake in Adecoagro by 17.2% during the 1st quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company's stock valued at $644,000 after acquiring an additional 8,450 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in Adecoagro during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGRO. Morgan Stanley dropped their target price on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Wednesday. Bank of America cut shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $12.00 to $10.80 in a report on Friday, April 25th. Finally, UBS Group dropped their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday, April 29th.

Adecoagro Price Performance

Shares of NYSE:AGRO traded up $0.14 during trading hours on Friday, hitting $9.68. 50,677 shares of the company's stock traded hands, compared to its average volume of 767,024. Adecoagro S.A. has a 52 week low of $8.44 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.98. The company's fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $9.94. The company has a market cap of $968.30 million, a price-to-earnings ratio of 15.59 and a beta of 0.70.

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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