Adecoagro S.A. (NYSE:AGRO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,360,000 shares, an increase of 27.6% from the December 31st total of 1,850,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 1.8 days.
A number of brokerages recently weighed in on AGRO. TheStreet upgraded shares of Adecoagro from a “c+” rating to a “b-” rating in a research report on Wednesday, December 1st. Zacks Investment Research upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Finally, Morgan Stanley upgraded shares of Adecoagro from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 18th.
Institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in Adecoagro by 182.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 76,020 shares of the company’s stock worth $763,000 after acquiring an additional 49,108 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in Adecoagro during the 2nd quarter worth about $49,000. PDT Partners LLC grew its holdings in Adecoagro by 71.8% during the 2nd quarter. PDT Partners LLC now owns 86,600 shares of the company’s stock worth $869,000 after acquiring an additional 36,200 shares in the last quarter. Millennium Management LLC grew its holdings in Adecoagro by 776.1% during the 2nd quarter. Millennium Management LLC now owns 939,881 shares of the company’s stock worth $9,436,000 after acquiring an additional 832,606 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Adecoagro by 266.3% during the 2nd quarter. Invesco Ltd. now owns 377,493 shares of the company’s stock worth $3,790,000 after acquiring an additional 274,443 shares in the last quarter. Institutional investors own 58.69% of the company’s stock.
Shares of AGRO opened at $8.07 on Thursday. Adecoagro has a twelve month low of $6.78 and a twelve month high of $11.77. The stock has a market capitalization of $944.92 million, a P/E ratio of 7.84 and a beta of 1.19. The company has a current ratio of 2.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $7.59.
Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Wednesday, November 10th. The company reported $0.52 EPS for the quarter. The company had revenue of $325.62 million for the quarter. Adecoagro had a net margin of 11.63% and a return on equity of 13.32%. As a group, sell-side analysts forecast that Adecoagro will post 1.11 EPS for the current year.
Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy; and Land Transformation. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.
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