Adecoagro (NYSE:AGRO) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a report released on Wednesday.

Adecoagro Trading Down 0.4 %

NYSE:AGRO opened at $9.67 on Wednesday. The stock has a fifty day moving average price of $9.80 and a two-hundred day moving average price of $10.60. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 1.29 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro has a 1 year low of $8.72 and a 1 year high of $12.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGRO. Public Employees Retirement System of Ohio purchased a new position in shares of Adecoagro in the third quarter valued at $37,000. Point72 Hong Kong Ltd increased its position in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after buying an additional 933 shares in the last quarter. R Squared Ltd purchased a new position in shares of Adecoagro in the fourth quarter valued at $70,000. Blue Trust Inc. increased its position in shares of Adecoagro by 1,281.5% in the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after buying an additional 6,792 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Adecoagro in the third quarter valued at $94,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

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.