Sapient Capital LLC Makes New Investment in Adecoagro S.A. (NYSE:AGRO)

Sapient Capital LLC bought a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 206,627 shares of the company's stock, valued at approximately $2,294,000. Sapient Capital LLC owned about 0.19% of Adecoagro as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC grew its position in shares of Adecoagro by 5.0% during the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company's stock worth $59,622,000 after buying an additional 255,684 shares during the period. Bank of New York Mellon Corp increased its stake in Adecoagro by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,943,599 shares of the company's stock worth $34,411,000 after purchasing an additional 25,700 shares in the last quarter. abrdn plc raised its holdings in Adecoagro by 15.6% during the 3rd quarter. abrdn plc now owns 1,005,939 shares of the company's stock worth $11,759,000 after buying an additional 135,990 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Adecoagro by 60.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company's stock valued at $4,914,000 after buying an additional 167,608 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Adecoagro by 388.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company's stock valued at $4,233,000 after buying an additional 287,919 shares during the period. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Stock Up 3.3 %

AGRO traded up $0.36 during trading on Friday, reaching $11.11. 884,962 shares of the stock were exchanged, compared to its average volume of 503,399. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14. The stock's 50 day moving average price is $10.70 and its two-hundred day moving average price is $10.70. Adecoagro S.A. has a twelve month low of $8.11 and a twelve month high of $12.51. The stock has a market cap of $1.16 billion, a P/E ratio of 5.27 and a beta of 1.12.

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Adecoagro from a "hold" rating to a "buy" rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Adecoagro presently has an average rating of "Hold" and a consensus price target of $12.17.

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.