Jump Financial LLC Reduces Stock Position in Adecoagro S.A. (NYSE:AGRO)

Jump Financial LLC lessened its stake in Adecoagro S.A. (NYSE:AGROFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,400 shares of the company’s stock after selling 2,106 shares during the quarter. Jump Financial LLC owned about 0.05% of Adecoagro worth $683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management acquired a new stake in shares of Adecoagro in the third quarter valued at approximately $46,000. NBC Securities Inc. acquired a new stake in Adecoagro during the third quarter worth $54,000. State of Wyoming acquired a new stake in Adecoagro during the second quarter worth $93,000. PEAK6 Investments LLC acquired a new stake in Adecoagro during the first quarter worth $82,000. Finally, Pathstone Family Office LLC acquired a new stake in Adecoagro during the third quarter worth $87,000. Institutional investors and hedge funds own 43.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AGRO shares. StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Bank of America raised Adecoagro from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.50 to $14.00 in a research note on Tuesday, December 5th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price (down previously from $11.50) on shares of Adecoagro in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.56.

View Our Latest Stock Report on AGRO

Adecoagro Trading Down 2.2 %

Shares of NYSE AGRO opened at $10.22 on Thursday. Adecoagro S.A. has a twelve month low of $7.34 and a twelve month high of $12.51. The company has a current ratio of 1.89, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $10.92. The stock has a market capitalization of $1.08 billion, a PE ratio of 7.46 and a beta of 1.11.

Adecoagro (NYSE:AGROGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.83 earnings per share for the quarter. Adecoagro had a return on equity of 13.93% and a net margin of 10.45%. The business had revenue of $385.79 million during the quarter. On average, equities analysts forecast that Adecoagro S.A. will post 1.28 earnings per share for the current year.

Adecoagro Company 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.

Further Reading

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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