Short Interest in Adecoagro S.A. (NYSE:AGRO) Declines By 17.4%

by · The Cerbat Gem

Adecoagro S.A. (NYSE:AGROGet Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,060,326 shares, a decrease of 17.4% from the March 15th total of 1,283,659 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 3,097,126 shares, the short-interest ratio is currently 0.3 days.

Insiders Place Their Bets

In related news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Adecoagro

Institutional investors have recently made changes to their positions in the business. Cantor Fitzgerald L. P. purchased a new stake in shares of Adecoagro in the 3rd quarter valued at $1,082,000. Sparta 24 Ltd. boosted its position in Adecoagro by 4.8% during the 3rd quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock valued at $17,250,000 after buying an additional 100,000 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Adecoagro during the 3rd quarter valued at $295,000. Jeppson Wealth Management LLC purchased a new stake in Adecoagro during the 3rd quarter valued at $124,000. Finally, Squarepoint Ops LLC boosted its position in Adecoagro by 60.4% during the 2nd quarter. Squarepoint Ops LLC now owns 56,528 shares of the company’s stock valued at $517,000 after buying an additional 21,277 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Price Performance

Shares of NYSE:AGRO traded down $0.01 during trading on Thursday, reaching $13.30. The company had a trading volume of 1,030,015 shares, compared to its average volume of 1,999,706. Adecoagro has a 12 month low of $6.89 and a 12 month high of $15.89. The stock has a market capitalization of $1.33 billion, a P/E ratio of -166.22, a price-to-earnings-growth ratio of 0.27 and a beta of 0.08. The company has a fifty day moving average of $11.60 and a two-hundred day moving average of $9.27. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77.

Adecoagro (NYSE:AGROGet Free Report) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The business had revenue of $432.91 million during the quarter. Equities research analysts forecast that Adecoagro will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

AGRO has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Adecoagro from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a report on Friday, January 9th. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and increased their price target for the stock from $8.00 to $16.20 in a report on Monday, March 30th. Wall Street Zen raised shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.53.

Check Out Our Latest Stock Report on AGRO

About Adecoagro

(Get Free Report)

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.

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