Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,373 shares of the company’s stock after selling 31,461 shares during the quarter. Wellington Management Group LLP owned about 0.34% of Bioceres Crop Solutions worth $1,687,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Bioceres Crop Solutions by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after acquiring an additional 5,341 shares during the period. Stifel Financial Corp raised its stake in shares of Bioceres Crop Solutions by 33.4% during the 3rd quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock valued at $321,000 after buying an additional 10,224 shares during the last quarter. Ping Capital Management Inc. acquired a new position in shares of Bioceres Crop Solutions in the 2nd quarter valued at about $448,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Bioceres Crop Solutions in the second quarter worth about $472,000. Finally, Long Focus Capital Management LLC grew its holdings in Bioceres Crop Solutions by 19.9% during the second quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock worth $3,145,000 after acquiring an additional 46,647 shares during the period. 17.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on BIOX shares. Lake Street Capital decreased their price target on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Oppenheimer decreased their target price on shares of Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Roth Mkm dropped their price target on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group decreased their price objective on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $12.13.

Bioceres Crop Solutions Trading Down 3.8 %

Shares of NASDAQ:BIOX opened at $6.54 on Thursday. The business’s 50 day moving average price is $6.81 and its 200-day moving average price is $8.93. Bioceres Crop Solutions Corp. has a 1 year low of $5.71 and a 1 year high of $14.05. The firm has a market capitalization of $411.03 million, a price-to-earnings ratio of 327.16 and a beta of 0.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.87.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). Bioceres Crop Solutions had a net margin of 0.53% and a return on equity of 0.68%. The company had revenue of $92.60 million during the quarter, compared to analyst estimates of $117.15 million. During the same quarter last year, the business earned ($0.07) EPS. On average, equities research analysts forecast that Bioceres Crop Solutions Corp. will post 0.12 earnings per share for the current fiscal year.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.