Adecoagro (NYSE:AGRO) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a research note published on Thursday morning.

Adecoagro Stock Down 0.1 %

AGRO stock opened at $10.73 on Thursday. The company has a 50 day moving average price of $9.74 and a two-hundred day moving average price of $10.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The stock has a market capitalization of $1.12 billion, a P/E ratio of 7.15, a PEG ratio of 1.46 and a beta of 1.03. Adecoagro has a one year low of $8.72 and a one year high of $12.07.

Hedge Funds Weigh In On Adecoagro

Several institutional investors have recently added to or reduced their stakes in AGRO. Public Employees Retirement System of Ohio purchased a new stake in Adecoagro in the 3rd quarter valued at about $37,000. Point72 Hong Kong Ltd boosted its position in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after acquiring an additional 933 shares during the last quarter. R Squared Ltd purchased a new stake in Adecoagro in the fourth quarter valued at approximately $70,000. Blue Trust Inc. increased its position in Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after purchasing an additional 6,792 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in Adecoagro during the fourth quarter worth approximately $108,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

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.