Healthcare of Ontario Pension Plan Trust Fund Sells 344,800 Shares of Adecoagro S.A. (NYSE:AGRO)

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Adecoagro S.A. (NYSE:AGRO – Get Rating) by 84.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,300 shares of the company’s stock after selling 344,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Adecoagro worth $508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AGRO. Moors & Cabot Inc. bought a new stake in shares of Adecoagro in the 3rd quarter valued at about $104,000. Bank of America Corp DE boosted its stake in Adecoagro by 263.7% during the first quarter. Bank of America Corp DE now owns 13,830 shares of the company’s stock worth $167,000 after buying an additional 10,027 shares during the period. Keybank National Association OH purchased a new position in Adecoagro in the second quarter worth approximately $192,000. ExodusPoint Capital Management LP purchased a new stake in Adecoagro in the second quarter valued at $227,000. Finally, Solstein Capital LLC purchased a new stake in shares of Adecoagro in the second quarter valued at about $236,000. 42.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGRO. Morgan Stanley downgraded shares of Adecoagro from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, February 7th. JPMorgan Chase & Co. cut shares of Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.50.

Adecoagro Stock Down 2.2 %

Shares of NYSE AGRO opened at $8.12 on Wednesday. The business has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $8.32. Adecoagro S.A. has a 52 week low of $6.95 and a 52 week high of $13.55. The company has a market cap of $904.41 million, a P/E ratio of 5.49 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.80 and a debt-to-equity ratio of 0.64.

Adecoagro Profile

(Get Rating)

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, Land Transformation, and Corporate. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.

Read More

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

Receive News & Ratings for Adecoagro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adecoagro and related companies with MarketBeat.com's FREE daily email newsletter.