Adecoagro SA (AGRO) Position Raised by Deltec Asset Management LLC

Deltec Asset Management LLC raised its stake in shares of Adecoagro SA (NYSE:AGRO) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,530 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Deltec Asset Management LLC owned 0.12% of Adecoagro worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP lifted its position in Adecoagro by 9,353.3% during the first quarter. Quantbot Technologies LP now owns 26,091 shares of the company’s stock valued at $196,000 after purchasing an additional 25,815 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Adecoagro in the 1st quarter worth approximately $147,000. CLARET ASSET MANAGEMENT Corp bought a new stake in shares of Adecoagro in the 1st quarter worth approximately $3,047,000. Engineers Gate Manager LP lifted its holdings in shares of Adecoagro by 52.7% in the 1st quarter. Engineers Gate Manager LP now owns 87,745 shares of the company’s stock worth $660,000 after acquiring an additional 30,298 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Adecoagro in the 1st quarter worth approximately $1,712,000. Institutional investors and hedge funds own 36.72% of the company’s stock.

NYSE:AGRO opened at $8.25 on Friday. Adecoagro SA has a 52 week low of $7.20 and a 52 week high of $11.15. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.24. The firm has a market cap of $1.01 billion, a P/E ratio of 104.00 and a beta of 1.14.



Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Thursday, March 15th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.12). Adecoagro had a net margin of 1.29% and a return on equity of 1.81%. The firm had revenue of $275.57 million for the quarter. equities research analysts expect that Adecoagro SA will post 0.62 EPS for the current fiscal year.

AGRO has been the subject of a number of recent research reports. ValuEngine lowered shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. UBS Group lowered shares of Adecoagro from an “outperform” rating to a “market perform” rating in a report on Thursday, March 15th. JPMorgan Chase & Co. lowered shares of Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Wednesday, April 4th. Finally, Zacks Investment Research upgraded shares of Adecoagro from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 17th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Adecoagro has a consensus rating of “Hold” and a consensus price target of $8.75.

Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties.

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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