AgroFresh Solutions Inc (AGFS) Position Increased by Rhumbline Advisers
Rhumbline Advisers increased its holdings in shares of AgroFresh Solutions Inc (NASDAQ:AGFS) by 49.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,499 shares of the basic materials company’s stock after acquiring an additional 10,034 shares during the quarter. Rhumbline Advisers’ holdings in AgroFresh Solutions were worth $214,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AGFS. Element Capital Management LLC bought a new stake in shares of AgroFresh Solutions in the first quarter valued at $132,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of AgroFresh Solutions in the first quarter valued at $143,000. Hartford Investment Management Co. bought a new stake in shares of AgroFresh Solutions in the second quarter valued at $297,000. Schwab Charles Investment Management Inc. raised its stake in shares of AgroFresh Solutions by 38.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 48,400 shares of the basic materials company’s stock valued at $356,000 after buying an additional 13,400 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of AgroFresh Solutions by 29.2% in the first quarter. Citadel Advisors LLC now owns 69,836 shares of the basic materials company’s stock valued at $513,000 after buying an additional 15,788 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
Several analysts have issued reports on AGFS shares. BidaskClub lowered AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Citigroup lowered their target price on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, August 16th.
AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Thursday, August 9th. The basic materials company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.18). The firm had revenue of $18.84 million during the quarter. AgroFresh Solutions had a negative net margin of 1.17% and a negative return on equity of 6.57%.
In other news, major shareholder Dowdupont Inc. bought 67,673 shares of the stock in a transaction on Friday, June 29th. The shares were purchased at an average cost of $7.00 per share, for a total transaction of $473,711.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 1,256,883 shares of company stock worth $8,186,659. Corporate insiders own 1.80% of the company’s stock.
About AgroFresh Solutions
AgroFresh Solutions, Inc provides data-driven specialty solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, avocados, and bananas, as well as flowers.
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