XTX Topco Ltd Purchases Shares of 28,678 Adecoagro S.A. (NYSE:AGRO)

Key Points

• XTX Topco Ltd has acquired 28,678 shares of Adecoagro S.A., valued at approximately $320,000, according to their recent 13F filing.
• Multiple hedge funds have increased their stakes in Adecoagro, with notable increases from Lazard Asset Management and NBC Securities Inc..
• Wall Street analysts have lowered their price targets for Adecoagro, with UBS Group setting a target of $9.90 and Bank of America downgrading to $10.80.

XTX Topco Ltd purchased a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,678 shares of the company's stock, valued at approximately $320,000.

A number of other large investors also recently modified their holdings of the business. NBC Securities Inc. raised its stake in shares of 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 purchasing an additional 5,751 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of 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 purchasing an additional 2,794 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Adecoagro in the fourth quarter valued at $153,000. PharVision Advisers LLC acquired a new position in shares of Adecoagro in the fourth quarter valued at $225,000. Finally, Aquatic Capital Management LLC raised its stake in shares of Adecoagro by 837.5% in the fourth quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company's stock valued at $265,000 after purchasing an additional 25,124 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America lowered Adecoagro from a "buy" rating to an "underperform" rating and cut their target price for the company from $12.00 to $10.80 in a research note on Friday, April 25th. UBS Group cut their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Morgan Stanley cut their target price on Adecoagro from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Wednesday, July 16th.

Adecoagro Price Performance

NYSE:AGRO traded down $0.03 during trading hours on Friday, reaching $9.15. The company had a trading volume of 69,413 shares, compared to its average volume of 713,094. The stock has a 50-day moving average of $9.27 and a two-hundred day moving average of $9.88. Adecoagro S.A. has a one year low of $8.44 and a one year high of $12.07. The firm has a market capitalization of $914.41 million, a PE ratio of 14.77 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.98 and a debt-to-equity ratio of 0.47.

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.