Tabor Asset Management LP purchased a new stake in Adecoagro S.A. (NYSE:AGRO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,322 shares of the company's stock, valued at approximately $328,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AGRO. NBC Securities Inc. lifted its holdings in shares of Adecoagro by 143,775.0% during the first quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after buying an additional 5,751 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Adecoagro during the fourth quarter worth $108,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Adecoagro during the fourth quarter worth $126,000. Lazard Asset Management LLC lifted its holdings in shares of Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after buying an additional 2,794 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in Adecoagro in the 4th quarter valued at about $153,000. Institutional investors and hedge funds own 45.25% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Bank of America lowered shares of Adecoagro from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $12.00 to $10.80 in a research report on Friday, April 25th. Finally, Morgan Stanley reduced 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.
Read Our Latest Analysis on AGRO
Adecoagro Price Performance
Shares of NYSE AGRO traded down $0.13 during trading hours on Thursday, hitting $9.44. 211,463 shares of the stock were exchanged, compared to its average volume of 757,035. 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 has a market cap of $943.41 million, a PE ratio of 15.20 and a beta of 0.70. The company's fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $9.94. Adecoagro S.A. has a 1-year low of $8.44 and a 1-year high of $12.07.
Adecoagro Profile
(
Free Report)
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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