R Squared Ltd Cuts Stock Position in Adecoagro S.A. $AGRO

R Squared Ltd decreased its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,840 shares of the company’s stock after selling 1,288 shares during the quarter. R Squared Ltd’s holdings in Adecoagro were worth $126,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Helikon Investments Ltd boosted its holdings in shares of Adecoagro by 72.5% in the 1st quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company’s stock valued at $134,456,000 after acquiring an additional 5,060,347 shares during the last quarter. Amundi boosted its holdings in shares of Adecoagro by 5.1% in the 1st quarter. Amundi now owns 730,766 shares of the company’s stock valued at $8,177,000 after acquiring an additional 35,530 shares during the last quarter. Tabor Asset Management LP purchased a new stake in shares of Adecoagro in the 1st quarter valued at $328,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Adecoagro in the 1st quarter valued at $1,907,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Adecoagro in the 1st quarter valued at $1,609,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. UBS Group lowered their price objective on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a report on Friday. Finally, Morgan Stanley cut their target price on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $9.60.

Adecoagro Price Performance

Shares of AGRO stock opened at $7.84 on Monday. The stock’s fifty day simple moving average is $8.06 and its 200 day simple moving average is $9.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95. The firm has a market cap of $783.42 million, a price-to-earnings ratio of 22.39 and a beta of 0.60. Adecoagro S.A. has a one year low of $7.42 and a one year high of $11.86.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.The business had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. On average, analysts expect that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.1749 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a dividend yield of 443.0%. Adecoagro’s dividend payout ratio (DPR) is currently 100.00%.

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.