Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,370,000 shares, a growth of 7.9% from the October 31st total of 1,270,000 shares. Based on an average trading volume of 731,100 shares, the short-interest ratio is currently 1.9 days. Approximately 1.6% of the company’s stock are short sold.

Institutional Trading of Adecoagro

A number of large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd boosted its holdings in Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after buying an additional 4,363,628 shares in the last quarter. Herr Investment Group LLC boosted its holdings in Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock worth $25,780,000 after buying an additional 616,345 shares in the last quarter. Discovery Capital Management LLC CT boosted its holdings in Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after buying an additional 667,878 shares in the last quarter. Boston Partners boosted its holdings in Adecoagro by 410.7% during the first quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after buying an additional 546,465 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after buying an additional 263,125 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Bank of America decreased their price target on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research note on Monday, September 9th. UBS Group started coverage on Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Morgan Stanley downgraded Adecoagro from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $14.50 to $12.50 in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

NYSE AGRO traded down $0.14 on Wednesday, reaching $10.80. 144,476 shares of the stock traded hands, compared to its average volume of 715,885. The firm’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $10.51. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 1.22 and a beta of 1.03. Adecoagro has a 12 month low of $8.72 and a 12 month high of $12.51.

Adecoagro Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a dividend of $0.174 per share. This represents a yield of 2.9%. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date of this dividend was Tuesday, November 12th. Adecoagro’s dividend payout ratio (DPR) is presently 22.67%.

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.