Carrera Capital Advisors Makes New $887,000 Investment in Adecoagro S.A. (NYSE:AGRO)

Carrera Capital Advisors bought a new stake in Adecoagro S.A. (NYSE:AGRO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 94,035 shares of the company’s stock, valued at approximately $887,000. Carrera Capital Advisors owned approximately 0.09% of Adecoagro as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AGRO. Public Employees Retirement System of Ohio purchased a new position in Adecoagro during the third quarter valued at approximately $37,000. Point72 Hong Kong Ltd grew its holdings in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares in the last quarter. R Squared Ltd purchased a new position in shares of Adecoagro during the 4th quarter valued at $70,000. Blue Trust Inc. increased its stake in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Rockingstone Advisors LLC purchased a new stake in shares of Adecoagro during the fourth quarter worth $170,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Down 1.2 %

Adecoagro stock opened at $10.71 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 1-year low of $8.72 and a 1-year high of $12.07. The firm’s fifty day simple moving average is $9.85 and its 200-day simple moving average is $10.65. The company has a market capitalization of $1.11 billion, a P/E ratio of 7.14, a P/E/G ratio of 1.43 and a beta of 1.03.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.