Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 756,000 shares, a decrease of 10.6% from the March 15th total of 845,400 shares. Based on an average trading volume of 503,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.56.

Hedge Funds Weigh In On Adecoagro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of Adecoagro during the fourth quarter worth $32,000. Tower Research Capital LLC TRC grew its stake in Adecoagro by 168.4% during the 4th 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 during the last quarter. NBC Securities Inc. acquired a new position in Adecoagro during the 3rd quarter valued at about $54,000. PEAK6 Investments LLC acquired a new stake in Adecoagro in the first quarter worth about $82,000. Finally, Pathstone Family Office LLC acquired a new stake in Adecoagro in the third quarter worth about $87,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Price Performance

NYSE AGRO opened at $10.65 on Wednesday. The company has a market cap of $1.13 billion, a PE ratio of 5.05 and a beta of 1.12. Adecoagro has a 52-week low of $7.93 and a 52-week high of $12.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14. The firm’s 50 day moving average price is $10.41 and its 200-day moving average price is $10.69.

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

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.