Ping Capital Management Inc. Purchases 3,000 Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX)

Ping Capital Management Inc. lifted its holdings in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) by 7.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 44,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Ping Capital Management Inc.’s holdings in Bioceres Crop Solutions were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Bioceres Crop Solutions by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after acquiring an additional 29,693 shares during the period. Stifel Financial Corp boosted its position in shares of Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after purchasing an additional 10,224 shares during the period. Fourth Sail Capital LP increased its stake in shares of Bioceres Crop Solutions by 61.6% in the third quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after purchasing an additional 1,209,277 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after purchasing an additional 5,341 shares during the period. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Trading Up 4.4 %

Shares of Bioceres Crop Solutions stock opened at $6.84 on Wednesday. Bioceres Crop Solutions Corp. has a twelve month low of $5.71 and a twelve month high of $14.05. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $6.69 and a 200-day moving average price of $7.92. The firm has a market cap of $428.94 million, a price-to-earnings ratio of 342.17 and a beta of 0.57.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $92.60 million for the quarter, compared to analysts’ expectations of $117.15 million. Bioceres Crop Solutions had a net margin of 0.53% and a return on equity of 0.68%. During the same quarter in the prior year, the business earned ($0.07) EPS. Equities research analysts anticipate that Bioceres Crop Solutions Corp. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer cut their price target on Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Canaccord Genuity Group cut their target price on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $11.88.

Bioceres Crop Solutions Profile

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.