TIAA CREF Investment Management LLC lowered its position in Adecoagro S.A. (NYSE:AGRO) by 17.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,618 shares of the company’s stock after selling 87,000 shares during the period. TIAA CREF Investment Management LLC’s holdings in Adecoagro were worth $4,809,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of AGRO. Norges Bank acquired a new position in Adecoagro during the fourth quarter worth approximately $5,503,000. Serengeti Asset Management LP boosted its position in Adecoagro by 80.0% in the fourth quarter. Serengeti Asset Management LP now owns 450,000 shares of the company’s stock worth $4,671,000 after buying an additional 200,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in Adecoagro by 263.0% in the fourth quarter. Renaissance Technologies LLC now owns 218,500 shares of the company’s stock worth $2,268,000 after buying an additional 158,300 shares during the last quarter. Sloane Robinson LLP boosted its position in Adecoagro by 70.1% in the first quarter. Sloane Robinson LLP now owns 382,700 shares of the company’s stock worth $4,386,000 after buying an additional 157,700 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in Adecoagro by 643.0% in the first quarter. Dynamic Technology Lab Private Ltd now owns 107,941 shares of the company’s stock worth $1,237,000 after buying an additional 93,413 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.
Shares of Adecoagro S.A. (NYSE:AGRO) opened at 10.59 on Friday. The stock’s 50 day moving average price is $10.08 and its 200-day moving average price is $11.20. Adecoagro S.A. has a one year low of $9.38 and a one year high of $13.29. The company has a market cap of $1.28 billion, a PE ratio of 220.62 and a beta of 1.09.
Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, May 15th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.17. Adecoagro had a net margin of 0.61% and a return on equity of 0.83%. The firm had revenue of $166.09 million during the quarter. On average, analysts expect that Adecoagro S.A. will post $0.73 EPS for the current year.
AGRO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Adecoagro from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, April 14th. ValuEngine cut Adecoagro from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub cut Adecoagro from a “hold” rating to a “sell” rating in a report on Saturday, June 17th.
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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