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

Adecoagro S.A. (NYSE:AGRO) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,694,951 shares, a growth of 29.8% from the November 30th total of 1,305,418 shares. Based on an average daily trading volume, of 1,802,070 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.7% of the company’s shares are short sold. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,802,070 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Adecoagro

Institutional investors have recently bought and sold shares of the business. Jeppson Wealth Management LLC purchased a new stake in shares of Adecoagro in the third quarter worth approximately $124,000. State of Wyoming purchased a new position in Adecoagro in the first quarter valued at about $133,000. R Squared Ltd raised its stake in shares of Adecoagro by 61.1% during the 3rd quarter. R Squared Ltd now owns 22,302 shares of the company’s stock worth $175,000 after purchasing an additional 8,462 shares in the last quarter. Vise Technologies Inc. bought a new stake in Adecoagro during the 2nd quarter valued at approximately $277,000. Finally, Magnetar Financial LLC grew its holdings in shares of Adecoagro by 105.9% during the 2nd quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock worth $289,000 after purchasing an additional 16,260 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AGRO shares. JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a research note on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. UBS Group cut their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. One investment analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Adecoagro presently has an average rating of “Strong Sell” and a consensus price target of $8.83.

Adecoagro Price Performance

AGRO stock traded down $0.13 during trading on Tuesday, hitting $7.93. The company had a trading volume of 539,987 shares, compared to its average volume of 1,427,427. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $11.78. The firm has a market capitalization of $793.21 million, a price-to-earnings ratio of 34.46 and a beta of 0.44. The business has a 50 day moving average of $7.92 and a 200 day moving average of $8.41. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $304.21 million for the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. As a group, research analysts predict that Adecoagro will post 1.24 earnings per share for the current year.

Adecoagro Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 3rd were issued a $0.1749 dividend. The ex-dividend date was Monday, November 3rd. This represents a dividend yield of 444.0%. Adecoagro’s dividend payout ratio is presently 152.17%.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.