Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,340,000 shares, a decline of 10.1% from the September 30th total of 1,490,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.5% of the company’s shares are short sold.

Adecoagro Price Performance

Shares of AGRO opened at $11.50 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 4.88, a PEG ratio of 1.06 and a beta of 1.08. Adecoagro has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $11.26 and its 200 day moving average price is $10.48.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. The business had revenue of $411.42 million for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. On average, research analysts forecast that Adecoagro will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adecoagro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Helikon Investments Ltd grew its stake in shares of Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after purchasing an additional 4,363,628 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Adecoagro by 10.5% in the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after acquiring an additional 561,352 shares during the last quarter. Herr Investment Group LLC increased its holdings in shares of Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after acquiring an additional 616,345 shares during the last quarter. Discovery Capital Management LLC CT raised its position in shares of Adecoagro by 39.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after acquiring an additional 667,878 shares in the last quarter. Finally, Boston Partners lifted its stake in Adecoagro by 410.7% during the first quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after purchasing an additional 546,465 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AGRO has been the subject of several research analyst reports. Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Bank of America decreased their price target on Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research note on Monday, September 9th. Finally, UBS Group started coverage on Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.63.

About Adecoagro

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.