Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) by 46.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,635 shares of the company’s stock after purchasing an additional 43,484 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.22% of Bioceres Crop Solutions worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its stake in Bioceres Crop Solutions by 66.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,242 shares of the company’s stock worth $27,000 after purchasing an additional 899 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Bioceres Crop Solutions during the fourth quarter worth approximately $49,000. Goldman Sachs Group Inc. bought a new stake in Bioceres Crop Solutions during the second quarter worth approximately $176,000. Sei Investments Co. bought a new stake in Bioceres Crop Solutions during the second quarter worth approximately $221,000. Finally, UBS Group AG acquired a new position in Bioceres Crop Solutions in the second quarter worth approximately $302,000. 17.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm lifted their price objective on shares of Bioceres Crop Solutions from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, February 9th.

Bioceres Crop Solutions Price Performance

Shares of BIOX stock opened at $12.12 on Friday. Bioceres Crop Solutions Corp. has a 1 year low of $9.76 and a 1 year high of $14.20. The firm’s 50 day moving average is $12.86 and its 200-day moving average is $12.47. The firm has a market capitalization of $761.10 million, a price-to-earnings ratio of 37.88 and a beta of 0.58. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $140.30 million for the quarter, compared to analyst estimates of $108.97 million. Bioceres Crop Solutions had a net margin of 4.36% and a return on equity of 5.96%. During the same period in the prior year, the business posted ($0.14) earnings per share. Sell-side analysts forecast that Bioceres Crop Solutions Corp. will post 0.45 EPS 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.