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.
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.
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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.
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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