Adecoagro (NYSE:AGRO) Stock Price Down 9%

Shares of Adecoagro S.A. (NYSE:AGRO) were down 9% during mid-day trading on Monday . The company traded as low as $9.29 and last traded at $9.29. Approximately 14,035 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 823,789 shares. The stock had previously closed at $10.21.

A number of equities research analysts have issued reports on AGRO shares. Zacks Investment Research downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Friday, July 9th. TheStreet downgraded shares of Adecoagro from a “b-” rating to a “c+” rating in a research report on Thursday, July 1st.

The stock’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $9.51. The stock has a market capitalization of $1.08 billion, a P/E ratio of 10.45 and a beta of 1.31. The company has a current ratio of 2.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, August 12th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $289.77 million for the quarter. Adecoagro had a net margin of 10.96% and a return on equity of 11.48%. On average, equities research analysts predict that Adecoagro S.A. will post 0.59 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Man Group plc lifted its stake in Adecoagro by 3,545.6% in the 2nd quarter. Man Group plc now owns 3,009,024 shares of the company’s stock worth $30,210,000 after purchasing an additional 2,926,485 shares in the last quarter. BlackRock Inc. lifted its stake in Adecoagro by 97.4% in the 2nd quarter. BlackRock Inc. now owns 4,393,786 shares of the company’s stock worth $44,113,000 after purchasing an additional 2,167,819 shares in the last quarter. State Street Corp lifted its stake in Adecoagro by 339.1% in the 2nd quarter. State Street Corp now owns 1,921,264 shares of the company’s stock worth $19,289,000 after purchasing an additional 1,483,698 shares in the last quarter. Morgan Stanley lifted its stake in Adecoagro by 230.2% in the 1st quarter. Morgan Stanley now owns 1,716,462 shares of the company’s stock worth $13,491,000 after purchasing an additional 1,196,712 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Adecoagro in the 1st quarter worth approximately $7,876,000. Institutional investors own 60.58% of the company’s stock.

Adecoagro Company Profile (NYSE:AGRO)

Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy; and Land Transformation. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.

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