Tower Research Capital LLC TRC Purchases 2,923 Shares of Adecoagro S.A. (NYSE:AGRO)

Tower Research Capital LLC TRC increased its position in Adecoagro S.A. (NYSE:AGRO) by 168.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,659 shares of the company’s stock after buying an additional 2,923 shares during the period. Tower Research Capital LLC TRC’s holdings in Adecoagro were worth $52,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AGRO. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Adecoagro by 388.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock worth $4,233,000 after purchasing an additional 287,919 shares during the last quarter. Jennison Associates LLC increased its stake in Adecoagro by 5.0% in the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock worth $59,622,000 after acquiring an additional 255,684 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Adecoagro during the 3rd quarter worth approximately $2,919,000. Sapient Capital LLC bought a new position in shares of Adecoagro during the 4th quarter valued at approximately $2,294,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Adecoagro by 60.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after purchasing an additional 167,608 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Adecoagro from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average price target of $12.17.

Adecoagro Price Performance

Shares of Adecoagro stock traded down $0.29 during trading hours on Tuesday, reaching $10.86. The company’s stock had a trading volume of 713,409 shares, compared to its average volume of 496,924. The firm has a 50 day moving average price of $10.62 and a 200-day moving average price of $10.70. Adecoagro S.A. has a one year low of $8.11 and a one year high of $12.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. The stock has a market cap of $1.15 billion, a P/E ratio of 5.14 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The business had revenue of $263.95 million during the quarter. On average, analysts predict that Adecoagro S.A. will post 1.69 EPS for the current year.

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.