Quarry LP Has $74,000 Holdings in Adecoagro S.A. (NYSE:AGRO)

Quarry LP raised its position in Adecoagro S.A. (NYSE:AGRO) by 259.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,598 shares of the company’s stock after purchasing an additional 5,484 shares during the quarter. Quarry LP’s holdings in Adecoagro were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Adecoagro in the 2nd quarter valued at approximately $42,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Adecoagro in the first quarter worth $128,000. BigSur Wealth Management LLC acquired a new position in Adecoagro during the second quarter worth $175,000. Cornerstone Investment Partners LLC bought a new position in Adecoagro in the first quarter valued at $176,000. Finally, Bailard Inc. acquired a new stake in Adecoagro in the 2nd quarter valued at $262,000. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Stock Performance

NYSE:AGRO opened at $11.38 on Thursday. The stock’s 50-day moving average is $10.74 and its 200-day moving average is $10.43. The stock has a market cap of $1.18 billion, a P/E ratio of 4.82, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. Adecoagro S.A. has a 1-year low of $8.72 and a 1-year high of $12.51. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. The firm had revenue of $411.42 million for the quarter. Equities research analysts anticipate that Adecoagro S.A. will post 1.55 earnings per share for the current year.

Wall Street Analyst Weigh In

AGRO has been the subject of several analyst reports. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.50 to $12.50 in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and raised their target price for the company from $10.50 to $11.50 in a research note on Monday, July 1st. Bank of America dropped their price target on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research report on Monday, September 9th. Finally, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.

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.