Adecoagro (AGRO) Sees Unusually-High Trading Volume

Adecoagro SA (NYSE:AGRO) saw an uptick in trading volume on Friday . 1,716,455 shares changed hands during trading, an increase of 400% from the previous session’s volume of 342,952 shares.The stock last traded at $6.96 and had previously closed at $6.63.

A number of brokerages have recently issued reports on AGRO. ValuEngine raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Morgan Stanley downgraded Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 target price for the company. in a research note on Wednesday, January 16th. Citigroup began coverage on Adecoagro in a research note on Tuesday, December 18th. They set a “neutral” rating for the company. Finally, Santander downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $9.50.

The company has a market capitalization of $812.16 million, a PE ratio of 87.00 and a beta of 0.58. The company has a quick ratio of 1.39, a current ratio of 2.23 and a debt-to-equity ratio of 0.61.

Hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Adecoagro during the 4th quarter worth approximately $42,000. Capital Investment Advisory Services LLC purchased a new position in shares of Adecoagro during the 4th quarter worth approximately $49,000. Jane Street Group LLC acquired a new stake in shares of Adecoagro in the 3rd quarter worth approximately $141,000. GSA Capital Partners LLP acquired a new stake in shares of Adecoagro in the 4th quarter worth approximately $155,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Adecoagro in the 2nd quarter worth approximately $186,000. 42.30% of the stock is owned by institutional investors and hedge funds.

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Adecoagro Company Profile (NYSE:AGRO)

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 engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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