Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 845,400 shares, an increase of 16.1% from the February 29th total of 728,300 shares. Based on an average daily volume of 485,800 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the company's stock are short sold.

Adecoagro Stock Up 0.6 %

Shares of NYSE AGRO traded up $0.07 during trading hours on Friday, hitting $11.02. The company had a trading volume of 440,764 shares, compared to its average volume of 446,207. The stock has a market capitalization of $1.17 billion, a P/E ratio of 5.22 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. Adecoagro has a 1-year low of $7.82 and a 1-year high of $12.51. The firm's 50 day moving average is $10.19 and its 200-day moving average is $10.73.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The business had revenue of $263.95 million for the quarter. On average, analysts expect that Adecoagro will post 1.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Several hedge funds have recently added to or reduced their stakes in AGRO. Barclays PLC acquired a new stake in Adecoagro during the 4th quarter valued at $32,000. Activest Wealth Management acquired a new stake in Adecoagro during the 3rd quarter valued at $46,000. Tower Research Capital LLC TRC lifted its holdings in Adecoagro by 168.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company's stock valued at $52,000 after purchasing an additional 2,923 shares during the last quarter. NBC Securities Inc. acquired a new stake in Adecoagro during the 3rd quarter valued at $54,000. Finally, PEAK6 Investments LLC bought a new position in Adecoagro during the 1st quarter worth $82,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Analyst Ratings Changes

AGRO has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.50 price target (down from $11.50) on shares of Adecoagro in a research note on Friday, December 8th. Bank of America raised shares of Adecoagro from a "neutral" rating to a "buy" rating and raised their price target for the stock from $12.50 to $14.00 in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Adecoagro currently has an average rating of "Hold" and a consensus target price of $11.56.

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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