Adecoagro S.A. (AGRO) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Adecoagro S.A. (NYSE:AGRO) from a hold rating to a sell rating in a research note released on Thursday morning.

Shares of Adecoagro (AGRO) traded up 0.19% during midday trading on Thursday, reaching $10.50. 550,157 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $10.17 and its 200-day moving average is $10.52. The stock has a market cap of $1.27 billion, a PE ratio of 47.73 and a beta of 1.13. Adecoagro has a 12-month low of $9.52 and a 12-month high of $13.29.

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Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Adecoagro by 1,499.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 332,189 shares of the company’s stock worth $3,807,000 after buying an additional 311,421 shares during the period. Thomas White International Ltd. purchased a new position in Adecoagro in the 2nd quarter worth about $1,557,000. Driehaus Capital Management LLC increased its stake in Adecoagro by 2,138.7% in the 1st quarter. Driehaus Capital Management LLC now owns 1,878,678 shares of the company’s stock worth $21,530,000 after buying an additional 1,794,760 shares during the period. William Blair Investment Management LLC purchased a new position in Adecoagro in the 2nd quarter worth about $1,447,000. Finally, Laurion Capital Management LP purchased a new position in Adecoagro in the 2nd quarter worth about $4,857,000. 47.64% of the stock is currently owned by institutional investors.

Adecoagro Company Profile

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.

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