StockNews.com downgraded shares of Adecoagro (NYSE:AGRO – Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning.
Adecoagro Stock Performance
NYSE:AGRO opened at $10.80 on Thursday. The stock has a market cap of $1.12 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The firm’s fifty day simple moving average is $9.75 and its 200 day simple moving average is $10.65. Adecoagro has a twelve month low of $8.72 and a twelve month high of $12.07. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.
Institutional Trading of Adecoagro
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in Adecoagro in the third quarter valued at $37,000. Point72 Hong Kong Ltd boosted its holdings in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after buying an additional 933 shares in the last quarter. R Squared Ltd bought a new stake in shares of Adecoagro during the 4th quarter valued at $70,000. Blue Trust Inc. boosted its holdings in shares of Adecoagro by 1,281.5% during the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after buying an additional 6,792 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of Adecoagro during the 4th quarter valued at $108,000. 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.
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