Helikon Investments Ltd lifted its position in Adecoagro S.A. (NYSE:AGRO – Free Report) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,976,857 shares of the company’s stock after acquiring an additional 35,000 shares during the period. Adecoagro makes up about 6.8% of Helikon Investments Ltd’s investment portfolio, making the stock its 6th largest position. Helikon Investments Ltd owned 0.07% of Adecoagro worth $65,792,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after buying an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Adecoagro by 14,282.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock valued at $1,735,000 after acquiring an additional 155,681 shares during the period. University of Texas Texas AM Investment Management Co. lifted its holdings in Adecoagro by 1,007.9% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 118,383 shares of the company’s stock valued at $1,152,000 after purchasing an additional 107,698 shares during the last quarter. Blue Trust Inc. boosted its position in Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after purchasing an additional 6,792 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Adecoagro by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,099 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.
Adecoagro Stock Performance
Shares of NYSE AGRO opened at $9.44 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The firm has a market cap of $982.77 million, a price-to-earnings ratio of 6.29, a P/E/G ratio of 1.01 and a beta of 1.04. The stock’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.60. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.07.
Adecoagro Increases Dividend
Analyst Ratings Changes
Separately, UBS Group started coverage on shares of Adecoagro in a research note on Monday, October 14th. They set a “neutral” rating and a $12.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Adecoagro has a consensus rating of “Hold” and a consensus target price of $12.63.
Get Our Latest Report on Adecoagro
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.
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