Monaco Asset Management SAM Invests $573,000 in Adecoagro S.A. $AGRO

Monaco Asset Management SAM bought a new stake in Adecoagro S.A. (NYSE:AGRO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 60,000 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds have also recently added to or reduced their stakes in AGRO. Ghisallo Capital Management LLC acquired a new position in Adecoagro during the fourth quarter worth approximately $2,987,000. Decker Retirement Planning Inc. acquired a new stake in shares of Adecoagro in the first quarter valued at approximately $4,629,000. PenderFund Capital Management Ltd. purchased a new position in shares of Adecoagro during the third quarter worth approximately $1,960,000. Invesco Ltd. grew its position in shares of Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after acquiring an additional 212,685 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new position in shares of Adecoagro in the 4th quarter valued at $1,586,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Up 0.1%

AGRO opened at $8.92 on Monday. Adecoagro S.A. has a 52 week low of $6.89 and a 52 week high of $15.89. The business has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $11.22. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.27 billion, a PE ratio of 27.03 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last announced its earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The company had revenue of $538.50 million during the quarter, compared to analysts’ expectations of $602.01 million. As a group, research analysts anticipate that Adecoagro S.A. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AGRO shares. Weiss Ratings downgraded shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adecoagro presently has an average rating of “Reduce” and an average price target of $12.12.

Adecoagro Profile

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.