BARING ASSET MANAGEMENT Ltd bought a new stake in shares of Adecoagro S.A. (NYSE:AGRO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 676,489 shares of the company’s stock, valued at approximately $6,758,000.

A number of other hedge funds have also modified their holdings of the stock. Deltec Asset Management LLC increased its stake in shares of Adecoagro by 1.1% in the first quarter. Deltec Asset Management LLC now owns 142,130 shares of the company’s stock valued at $1,629,000 after buying an additional 1,500 shares in the last quarter. Cambiar Investors LLC increased its stake in shares of Adecoagro by 6.8% in the first quarter. Cambiar Investors LLC now owns 35,665 shares of the company’s stock valued at $409,000 after buying an additional 2,265 shares in the last quarter. US Bancorp DE increased its stake in shares of Adecoagro by 20.0% in the first quarter. US Bancorp DE now owns 22,379 shares of the company’s stock valued at $256,000 after buying an additional 3,727 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Adecoagro by 13.0% in the second quarter. Bank of Montreal Can now owns 38,910 shares of the company’s stock valued at $389,000 after buying an additional 4,485 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Adecoagro by 5.1% in the fourth quarter. FMR LLC now owns 102,700 shares of the company’s stock valued at $1,066,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

Adecoagro S.A. (AGRO) opened at 10.41 on Wednesday. Adecoagro S.A. has a 1-year low of $9.38 and a 1-year high of $13.29. The stock has a 50 day moving average price of $10.02 and a 200-day moving average price of $11.08. The stock has a market capitalization of $1.26 billion, a P/E ratio of 216.88 and a beta of 1.09.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $166.09 million for the quarter. Adecoagro had a return on equity of 0.83% and a net margin of 0.61%. Equities research analysts expect that Adecoagro S.A. will post $0.73 EPS for the current year.

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Several analysts have commented on the company. BidaskClub downgraded Adecoagro from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. ValuEngine downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th.

About Adecoagro

Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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