NBC Securities Inc. Takes $54,000 Position in Adecoagro S.A. (NYSE:AGRO)

NBC Securities Inc. bought a new stake in Adecoagro S.A. (NYSE:AGROFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,687 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in shares of Adecoagro during the 3rd quarter worth approximately $46,000. PEAK6 Investments LLC acquired a new position in shares of Adecoagro during the 1st quarter worth approximately $82,000. Pathstone Family Office LLC acquired a new position in shares of Adecoagro during the 3rd quarter worth approximately $87,000. HighTower Advisors LLC acquired a new position in shares of Adecoagro during the 4th quarter worth approximately $90,000. Finally, State of Wyoming acquired a new position in shares of Adecoagro during the 2nd quarter worth approximately $93,000. Institutional investors own 43.38% of the company’s stock.

Adecoagro Stock Performance

NYSE:AGRO opened at $10.44 on Wednesday. The stock has a fifty day moving average price of $10.84 and a 200-day moving average price of $10.92. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 7.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.89. Adecoagro S.A. has a fifty-two week low of $7.34 and a fifty-two week high of $12.51.

Adecoagro (NYSE:AGROGet Free Report) last released its earnings results on Monday, November 13th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $385.79 million during the quarter. Adecoagro had a return on equity of 13.93% and a net margin of 10.45%. As a group, equities analysts anticipate that Adecoagro S.A. will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

AGRO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price (down from $11.50) on shares of Adecoagro in a report on Friday, December 8th. Bank of America upgraded Adecoagro from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.50 to $14.00 in a research note on Tuesday, December 5th. Finally, StockNews.com upgraded Adecoagro from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Adecoagro has a consensus rating of “Hold” and a consensus target price of $11.05.

Read Our Latest Stock Report on AGRO

Adecoagro Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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