Comprehensive Money Management Services LLC Takes Position in Adecoagro S.A. $AGRO

Comprehensive Money Management Services LLC bought a new position in shares of Adecoagro S.A. (NYSE:AGRO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,832 shares of the company’s stock, valued at approximately $705,000. Comprehensive Money Management Services LLC owned about 0.05% of Adecoagro at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC acquired a new stake in Adecoagro during the 4th quarter worth about $88,000. Quadrature Capital Ltd purchased a new position in shares of Adecoagro during the 4th quarter valued at about $123,000. Hsbc Holdings PLC acquired a new position in shares of Adecoagro in the 2nd quarter valued at about $162,000. State of Wyoming boosted its stake in shares of Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Adecoagro during the fourth quarter worth about $147,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AGRO. Weiss Ratings downgraded Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th. Finally, UBS Group lowered their price target on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $11.62.

Adecoagro Stock Down 3.5%

Shares of NYSE AGRO opened at $10.70 on Friday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 32.42 and a beta of -0.04. The company’s 50-day simple moving average is $9.94 and its 200-day simple moving average is $11.34. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. Adecoagro S.A. has a 52-week low of $6.89 and a 52-week high of $15.89.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.The company had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million. Equities analysts predict that Adecoagro S.A. will post 1.42 EPS for the current fiscal year.

Adecoagro Company Profile

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.