Jennison Associates LLC Boosts Position in Adecoagro S.A. (NYSE:AGRO)

Jennison Associates LLC increased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,371,368 shares of the company's stock after acquiring an additional 255,684 shares during the period. Jennison Associates LLC owned approximately 5.06% of Adecoagro worth $59,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGRO. Sapient Capital LLC bought a new position in shares of Adecoagro during the 4th quarter valued at $2,294,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Adecoagro by 60.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company's stock valued at $4,914,000 after purchasing an additional 167,608 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Adecoagro by 388.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company's stock valued at $4,233,000 after purchasing an additional 287,919 shares during the last quarter. Hsbc Holdings PLC boosted its position in Adecoagro by 1.5% during the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company's stock valued at $2,408,000 after buying an additional 2,998 shares during the period. Finally, Citigroup Inc. boosted its position in Adecoagro by 41.0% during the 3rd quarter. Citigroup Inc. now owns 236,988 shares of the company's stock valued at $2,770,000 after buying an additional 68,925 shares during the period. Institutional investors own 45.25% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Saturday, April 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.17.

Adecoagro Trading Down 0.6 %

Shares of NYSE:AGRO traded down $0.07 on Wednesday, hitting $11.07. The company had a trading volume of 285,553 shares, compared to its average volume of 487,241. The firm's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.69. Adecoagro S.A. has a 1 year low of $8.04 and a 1 year high of $12.51. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 5.25 and a beta of 1.12.

Adecoagro (NYSE:AGRO - Get Free Report) last issued 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. Equities analysts anticipate that Adecoagro S.A. will post 1.69 earnings per share for the current fiscal year.

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.