Tabor Asset Management LP Buys New Holdings in Adecoagro S.A. (NYSE:AGRO)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insigneo Advisory Services LLC acquired a new position in shares of Adecoagro during the 1st quarter valued at about $1,056,000. Causeway Capital Management LLC boosted its position in shares of Adecoagro by 88.8% during the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after acquiring an additional 266,816 shares during the last quarter. Northern Trust Corp boosted its position in shares of Adecoagro by 352.0% during the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock valued at $543,000 after acquiring an additional 44,816 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Adecoagro during the 4th quarter valued at about $464,000. Finally, Quantbot Technologies LP acquired a new position in Adecoagro in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AGRO shares. Morgan Stanley lowered their target price on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Bank of America cut 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, UBS Group reduced their price target 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.

Adecoagro Stock Up 0.2%

Shares of AGRO traded up $0.02 during mid-day trading on Friday, hitting $9.40. 72,067 shares of the company's stock were exchanged, compared to its average volume of 753,449. The company has a market cap of $939.83 million, a price-to-earnings ratio of 15.12 and a beta of 0.70. Adecoagro S.A. has a fifty-two week low of $8.44 and a fifty-two 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 stock's 50-day moving average is $9.33 and its 200-day moving average is $9.94.

Adecoagro 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.