Magnetar Financial LLC Purchases New Position in Adecoagro S.A. (NYSE:AGRO)

Magnetar Financial LLC purchased a new stake in Adecoagro S.A. (NYSE:AGRO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 55,764 shares of the company’s stock, valued at approximately $526,000. Magnetar Financial LLC owned approximately 0.05% of Adecoagro as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AGRO. Advisors Asset Management Inc. purchased a new position in shares of Adecoagro in the 3rd quarter valued at about $195,000. Citigroup Inc. increased its stake in Adecoagro by 111.0% during the 3rd 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. BNP Paribas Financial Markets increased its stake in Adecoagro by 14,282.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after buying an additional 155,681 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after buying an additional 933 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Adecoagro by 84.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company’s stock worth $485,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Adecoagro presently has an average rating of “Hold” and a consensus target price of $12.63.

Adecoagro Price Performance

NYSE:AGRO opened at $10.83 on Friday. The firm has a market cap of $1.13 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The stock has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.65. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.08. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

About Adecoagro

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.