Adecoagro (NYSE:AGRO) Lowered to Hold at StockNews.com

StockNews.com cut shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a report issued on Saturday morning.

Adecoagro Trading Down 4.6 %

NYSE:AGRO opened at $11.10 on Friday. Adecoagro has a 12 month low of $7.93 and a 12 month high of $12.51. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 5.26 and a beta of 1.12. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $10.40 and its 200-day moving average is $10.71.

Adecoagro (NYSE:AGRO) last announced its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The company had revenue of $263.95 million for the quarter. Equities analysts anticipate that Adecoagro will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently bought and sold shares of AGRO. Barclays PLC acquired a new stake in Adecoagro during the fourth quarter worth $32,000. Tower Research Capital LLC TRC boosted its stake in Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after buying an additional 2,923 shares in the last quarter. NBC Securities Inc. acquired a new stake in Adecoagro during the third quarter worth $54,000. PEAK6 Investments LLC acquired a new stake in Adecoagro during the first quarter worth $82,000. Finally, Pathstone Family Office LLC acquired a new stake in Adecoagro during the third quarter worth $87,000. 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.