Adecoagro S.A. (NYSE:AGRO) Shares Sold by abrdn plc

abrdn plc lessened its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 869,367 shares of the company's stock after selling 136,572 shares during the period. abrdn plc owned approximately 0.82% of Adecoagro worth $9,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Adecoagro in the 3rd quarter worth $54,000. Handelsbanken Fonder AB raised its stake in Adecoagro by 31.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company's stock worth $217,000 after acquiring an additional 4,458 shares during the last quarter. Metis Global Partners LLC purchased a new position in Adecoagro in the 3rd quarter worth $272,000. SG Americas Securities LLC acquired a new stake in Adecoagro during the 4th quarter worth about $284,000. Finally, Quantbot Technologies LP grew its position in Adecoagro by 70.9% during the 3rd quarter. Quantbot Technologies LP now owns 42,055 shares of the company's stock worth $492,000 after purchasing an additional 17,445 shares during the period. Hedge funds and other institutional investors own 45.25% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Adecoagro from a "hold" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.17.

Adecoagro Stock Performance

AGRO traded up $0.08 during midday trading on Friday, hitting $11.05. 506,639 shares of the company were exchanged, compared to its average volume of 415,913. The company's 50 day simple moving average is $10.60 and its 200 day simple moving average is $10.70. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.24 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. Adecoagro S.A. has a 1-year low of $8.11 and a 1-year high of $12.51.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $263.95 million for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. As a group, sell-side analysts predict that Adecoagro S.A. will post 1.69 earnings per share for the current year.

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.