Traders Purchase Large Volume of Call Options on Adecoagro (AGRO)

Adecoagro SA (NYSE:AGRO) saw some unusual options trading on Tuesday. Stock investors purchased 7,501 call options on the stock. This represents an increase of 5,626% compared to the typical daily volume of 131 call options.

Shares of AGRO stock opened at $7.09 on Wednesday. Adecoagro has a 1 year low of $6.34 and a 1 year high of $9.06. The firm has a market cap of $851.01 million, a PE ratio of 7.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.38.

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. increased its position in shares of Adecoagro by 26.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,284,753 shares of the company’s stock valued at $9,443,000 after purchasing an additional 271,546 shares during the period. Jane Street Group LLC acquired a new position in shares of Adecoagro during the 3rd quarter valued at $141,000. Fox Run Management L.L.C. acquired a new position in shares of Adecoagro during the 4th quarter valued at $164,000. Allianz Asset Management GmbH acquired a new position in shares of Adecoagro in the 3rd quarter worth $212,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Adecoagro in the 4th quarter worth $49,000. Institutional investors own 42.30% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Adecoagro from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded Adecoagro from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Santander cut Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Citigroup assumed coverage on Adecoagro in a research report on Tuesday, December 18th. They set a “neutral” rating on the stock. Finally, Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price target on the stock. in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Adecoagro presently has an average rating of “Hold” and a consensus price target of $9.50.

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About Adecoagro

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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