Adecoagro (NYSE:AGRO) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a research note released on Saturday morning.

Adecoagro Stock Down 3.0 %

AGRO opened at $10.77 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 5.10 and a beta of 1.12. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. Adecoagro has a 52 week low of $7.93 and a 52 week high of $12.51. The business’s fifty day simple moving average is $10.41 and its 200 day simple moving average is $10.70.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $263.95 million during the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. As a group, research analysts expect that Adecoagro will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Adecoagro by 81.2% during the first quarter. JPMorgan Chase & Co. now owns 312,044 shares of the company’s stock valued at $3,769,000 after buying an additional 139,854 shares during the period. HighTower Advisors LLC purchased a new stake in Adecoagro during the first quarter valued at about $766,000. Charles Schwab Investment Management Inc. purchased a new stake in Adecoagro during the first quarter valued at about $2,106,000. Verition Fund Management LLC purchased a new stake in Adecoagro during the first quarter valued at about $6,060,000. Finally, Wexford Capital LP purchased a new stake in Adecoagro during the first quarter valued at about $2,210,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Company 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.