37,668 Shares in Adecoagro S.A. $AGRO Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of Adecoagro S.A. (NYSE:AGRO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,668 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGRO. Goldman Sachs Group Inc. lifted its holdings in shares of Adecoagro by 48.4% during the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after purchasing an additional 28,275 shares in the last quarter. Jane Street Group LLC grew its position in Adecoagro by 20.5% in the 1st quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock worth $2,112,000 after purchasing an additional 32,169 shares during the period. Quantbot Technologies LP raised its stake in Adecoagro by 113.8% during the 2nd quarter. Quantbot Technologies LP now owns 57,490 shares of the company’s stock valued at $525,000 after buying an additional 30,602 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after buying an additional 212,685 shares during the period. Finally, Pale Fire Capital SE purchased a new position in shares of Adecoagro in the 2nd quarter worth $774,000. Institutional investors own 45.25% of the company’s stock.

Insider Activity at Adecoagro

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of Adecoagro stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. This trade represents a 10.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.70% of the stock is owned by insiders.

Adecoagro Stock Performance

NYSE AGRO opened at $15.26 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. Adecoagro S.A. has a twelve month low of $6.89 and a twelve month high of $15.89. The business has a 50-day moving average price of $10.52 and a 200-day moving average price of $8.85. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -190.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.08.

Adecoagro (NYSE:AGRO) last issued its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The business had revenue of $432.91 million for the quarter. As a group, equities research analysts predict that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGRO has been the subject of a number of research reports. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.00 to $16.20 in a research report on Monday. Truist Financial set a $9.00 price target on shares of Adecoagro in a research report on Friday, January 9th. Zacks Research cut shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price for the company in a report on Friday, January 9th. Finally, Citigroup initiated coverage on shares of Adecoagro in a research report on Monday, February 16th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.84.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.