CLARET ASSET MANAGEMENT Corp Has $2.36 Million Stock Position in Adecoagro SA (NYSE:AGRO)

CLARET ASSET MANAGEMENT Corp lowered its holdings in shares of Adecoagro SA (NYSE:AGRO) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,020 shares of the company’s stock after selling 31,390 shares during the period. CLARET ASSET MANAGEMENT Corp owned about 0.35% of Adecoagro worth $2,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in Adecoagro during the second quarter worth $86,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Adecoagro by 180.7% during the second quarter. Cubist Systematic Strategies LLC now owns 26,034 shares of the company’s stock valued at $186,000 after acquiring an additional 16,760 shares during the period. A.R.T. Advisors LLC lifted its holdings in shares of Adecoagro by 199.6% during the second quarter. A.R.T. Advisors LLC now owns 36,023 shares of the company’s stock valued at $257,000 after acquiring an additional 23,998 shares during the period. US Bancorp DE lifted its holdings in shares of Adecoagro by 336.5% during the first quarter. US Bancorp DE now owns 75,608 shares of the company’s stock valued at $521,000 after acquiring an additional 58,287 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Adecoagro by 170.0% during the second quarter. Vanguard Group Inc. now owns 86,707 shares of the company’s stock valued at $619,000 after acquiring an additional 54,593 shares during the period. Hedge funds and other institutional investors own 45.94% of the company’s stock.

Shares of Adecoagro stock traded up $0.20 during trading on Friday, reaching $6.00. The company’s stock had a trading volume of 206,702 shares, compared to its average volume of 316,078. The stock has a 50-day moving average price of $5.83 and a two-hundred day moving average price of $6.55. The company has a current ratio of 1.56, a quick ratio of 0.78 and a debt-to-equity ratio of 0.77. Adecoagro SA has a one year low of $5.29 and a one year high of $8.27. The stock has a market capitalization of $660.90 million, a P/E ratio of 7.69 and a beta of 0.66.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). Adecoagro had a net margin of 2.53% and a return on equity of 1.32%. The business had revenue of $227.79 million during the quarter. As a group, sell-side analysts anticipate that Adecoagro SA will post 0.32 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. ValuEngine raised Adecoagro from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut Adecoagro from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Adecoagro has a consensus rating of “Hold” and an average target price of $8.75.

Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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