PEAK6 Investments L.P. Takes Position in Adecoagro S.A. (AGRO)

PEAK6 Investments L.P. acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the first quarter, Holdings Channel reports. The firm acquired 27,232 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds also recently bought and sold shares of the company. Ellington Management Group LLC bought a new stake in Adecoagro during the fourth quarter worth approximately $106,000. Acrospire Investment Management LLC bought a new stake in Adecoagro during the first quarter worth approximately $140,000. Yorktown Management & Research Co Inc bought a new stake in Adecoagro during the first quarter worth approximately $143,000. Campbell & CO Investment Adviser LLC bought a new stake in Adecoagro during the first quarter worth approximately $150,000. Finally, KCG Holdings Inc. bought a new stake in Adecoagro during the first quarter worth approximately $151,000. 57.70% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

Adecoagro S.A. (AGRO) traded up 1.42% during mid-day trading on Friday, hitting $9.98. The company had a trading volume of 1,956,096 shares. The company’s 50 day moving average price is $11.00 and its 200-day moving average price is $11.28. The company has a market cap of $1.21 billion, a PE ratio of 207.92 and a beta of 1.03. Adecoagro S.A. has a one year low of $9.38 and a one year high of $13.29.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, May 15th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.17. Adecoagro had a net margin of 0.61% and a return on equity of 0.83%. The business had revenue of $166.09 million for the quarter. Equities research analysts anticipate that Adecoagro S.A. will post $0.91 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by sleekmoney and is owned by of sleekmoney. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://sleekmoney.com/peak6-investments-l-p-takes-position-in-adecoagro-s-a-agro/1916123.html.

A number of analysts recently commented on the company. Zacks Investment Research lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

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.

Want to see what other hedge funds are holding AGRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adecoagro S.A. (NYSE:AGRO).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/peak6-investments-l-p-takes-position-in-adecoagro-s-a-agro/1916123.html

Receive News & Ratings for Adecoagro S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adecoagro S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *