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 stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,678 shares of the company's stock, valued at approximately $320,000.

Several other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC lifted its position 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 valued at $126,000 after buying an additional 2,794 shares during the last quarter. Vident Advisory LLC raised its position in shares of Adecoagro by 15.8% in the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock valued at $282,000 after purchasing an additional 4,089 shares during the last quarter. NBC Securities Inc. raised its position in shares of Adecoagro by 143,775.0% in the 1st 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 during the last quarter. Comprehensive Money Management Services LLC raised its position in shares of Adecoagro by 17.2% in the 1st quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company's stock valued at $644,000 after purchasing an additional 8,450 shares during the last quarter. Finally, Carrera Capital Advisors raised its position in shares of Adecoagro by 15.2% in the 1st quarter. Carrera Capital Advisors now owns 108,303 shares of the company's stock valued at $1,210,000 after purchasing an additional 14,268 shares during the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group cut their price target 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. Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and cut their price target for the stock from $12.00 to $10.80 in a report on Friday, April 25th. Finally, Morgan Stanley cut their price target on shares of Adecoagro from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Wednesday, July 16th.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $9.10 on Monday. Adecoagro S.A. has a twelve month low of $8.44 and a twelve month high of $12.07. The company's 50 day moving average is $9.27 and its 200 day moving average is $9.89. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The company has a market cap of $909.91 million, a PE ratio of 14.68 and a beta of 0.72.

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.

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