Geode Capital Management LLC lifted its holdings in AgroFresh Solutions, Inc. (NASDAQ:AGFS) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,662 shares of the basic materials company’s stock after purchasing an additional 5,753 shares during the quarter. Geode Capital Management LLC’s holdings in AgroFresh Solutions were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Weber Alan W increased its position in AgroFresh Solutions by 10.8% during the first quarter. Weber Alan W now owns 144,061 shares of the basic materials company’s stock valued at $630,000 after acquiring an additional 14,061 shares during the last quarter. Boston Partners increased its position in AgroFresh Solutions by 2.2% during the first quarter. Boston Partners now owns 542,555 shares of the basic materials company’s stock valued at $2,371,000 after acquiring an additional 11,465 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in AgroFresh Solutions by 8.9% during the first quarter. TIAA CREF Investment Management LLC now owns 69,347 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 5,648 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in AgroFresh Solutions by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 99,811 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 5,626 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.
In other news, major shareholder Chemical Co /De/ Dow acquired 32,205 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were bought at an average cost of $6.99 per share, for a total transaction of $225,112.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders purchased 103,846 shares of company stock worth $725,223. 19.40% of the stock is currently owned by insiders.
Several analysts have issued reports on the company. Citigroup Inc. reissued a “neutral” rating and set a $8.00 price target (down previously from $9.00) on shares of AgroFresh Solutions in a report on Monday, August 14th. BidaskClub lowered AgroFresh Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, ValuEngine raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Saturday, May 20th.
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AgroFresh Solutions, Inc. (NASDAQ:AGFS) traded down 0.84% during trading on Friday, hitting $7.07. The stock had a trading volume of 55,165 shares. AgroFresh Solutions, Inc. has a 52-week low of $1.96 and a 52-week high of $9.05. The company’s market cap is $355.88 million. The firm’s 50-day moving average price is $7.29 and its 200-day moving average price is $6.26.
AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.31. AgroFresh Solutions had a negative return on equity of 0.22% and a negative net margin of 43.81%. The firm had revenue of $16.39 million during the quarter. Analysts predict that AgroFresh Solutions, Inc. will post $0.11 EPS for the current fiscal year.
About AgroFresh Solutions
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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