Adecoagro S.A. (NYSE:AGRO) Sees Significant Decrease in Short Interest

Adecoagro S.A. (NYSE:AGRO) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,260,000 shares, a decrease of 17.1% from the August 15th total of 1,520,000 shares. Based on an average daily volume of 514,800 shares, the short-interest ratio is currently 2.4 days. Approximately 1.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGRO shares. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Morgan Stanley raised Adecoagro from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 14th. Finally, Bank of America raised Adecoagro from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average target price of $9.55.

Adecoagro Trading Up 0.1 %

Shares of NYSE:AGRO traded up $0.01 during trading on Tuesday, reaching $11.69. 262,197 shares of the stock were exchanged, compared to its average volume of 559,157. The firm’s 50-day moving average price is $10.81 and its 200 day moving average price is $9.42. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 13.43 and a beta of 1.01. Adecoagro has a 12-month low of $6.95 and a 12-month high of $11.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 1.69.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.40 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 6.66% and a return on equity of 10.86%. The company had revenue of $402.87 million during the quarter. On average, sell-side analysts anticipate that Adecoagro will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in shares of Adecoagro by 25.3% in the first quarter. HighTower Advisors LLC now owns 13,596 shares of the company’s stock valued at $111,000 after buying an additional 2,741 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Adecoagro during the fourth quarter valued at approximately $25,000. Sei Investments Co. increased its stake in Adecoagro by 3.5% during the 4th quarter. Sei Investments Co. now owns 91,880 shares of the company’s stock worth $762,000 after buying an additional 3,116 shares during the period. FMR LLC boosted its position in Adecoagro by 0.6% in the 1st quarter. FMR LLC now owns 583,827 shares of the company’s stock valued at $4,723,000 after buying an additional 3,325 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Adecoagro by 3.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,796 shares of the company’s stock valued at $1,084,000 after purchasing an additional 3,964 shares in the last quarter. 43.38% of the stock is owned by hedge funds and other institutional investors.

About Adecoagro

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.