Adecoagro S.A. (NYSE:AGRO) Shares Sold by Amundi

Amundi trimmed its position in shares of Adecoagro S.A. (NYSE:AGRO) by 16.0% during the fourth quarter, HoldingsChannel reports. The fund owned 695,236 shares of the company’s stock after selling 132,646 shares during the quarter. Amundi’s holdings in Adecoagro were worth $6,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Adecoagro during the 3rd quarter worth approximately $37,000. Point72 Hong Kong Ltd grew its holdings in Adecoagro by 21.9% during the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after acquiring an additional 933 shares during the period. R Squared Ltd purchased a new position in Adecoagro in the fourth quarter worth $70,000. Blue Trust Inc. lifted its holdings in Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after acquiring an additional 6,387 shares during the period. Finally, Rockingstone Advisors LLC purchased a new stake in shares of Adecoagro during the 4th quarter worth $170,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.63.

Adecoagro Stock Up 0.8 %

Shares of NYSE AGRO opened at $10.81 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.43 and a beta of 0.98. The stock’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $10.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.08.

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.