Citadel Advisors LLC Has $181,000 Stake in Adecoagro S.A.

Citadel Advisors LLC cut its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 86.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,814 shares of the company’s stock after selling 99,307 shares during the period. Citadel Advisors LLC’s holdings in Adecoagro were worth $181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Serengeti Asset Management LP increased its stake in Adecoagro by 80.0% in the fourth quarter. Serengeti Asset Management LP now owns 450,000 shares of the company’s stock worth $4,671,000 after buying an additional 200,000 shares in the last quarter. Norges Bank bought a new stake in Adecoagro during the fourth quarter worth about $5,503,000. FMR LLC increased its stake in Adecoagro by 5.1% in the fourth quarter. FMR LLC now owns 102,700 shares of the company’s stock worth $1,066,000 after buying an additional 5,000 shares in the last quarter. Airain ltd increased its stake in Adecoagro by 297.5% in the first quarter. Airain ltd now owns 70,499 shares of the company’s stock worth $808,000 after buying an additional 52,765 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in Adecoagro by 30.0% in the first quarter. Global X Management Co. LLC now owns 377,932 shares of the company’s stock worth $4,331,000 after buying an additional 87,197 shares in the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Adecoagro S.A. (NYSE:AGRO) traded down 0.30% during trading on Wednesday, reaching $10.10. 139,501 shares of the company were exchanged. Adecoagro S.A. has a 1-year low of $9.38 and a 1-year high of $13.29. The stock’s 50 day moving average is $10.02 and its 200 day moving average is $11.17. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 210.42 and a beta of 1.09.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Monday, May 15th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts anticipate that Adecoagro S.A. will post $0.73 earnings per share for the current year.
A number of equities analysts recently commented on the stock. BidaskClub cut shares of Adecoagro from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Zacks Investment Research cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, ValuEngine cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report 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.

You may also like...

%d blogueiros gostam disto: