Adecoagro (AGRO) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its position in Adecoagro (NYSE:AGRO) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,816 shares of the company’s stock after selling 760,933 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Adecoagro were worth $2,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brandes Investment Partners LP increased its stake in Adecoagro by 26.0% in the fourth quarter. Brandes Investment Partners LP now owns 2,028,604 shares of the company’s stock valued at $20,976,000 after acquiring an additional 418,316 shares during the last quarter. Global X Management Co. LLC increased its stake in Adecoagro by 22.6% in the fourth quarter. Global X Management Co. LLC now owns 469,312 shares of the company’s stock valued at $4,853,000 after acquiring an additional 86,510 shares during the last quarter. Highland Capital Management LP increased its stake in Adecoagro by 2.8% in the fourth quarter. Highland Capital Management LP now owns 389,822 shares of the company’s stock valued at $4,031,000 after acquiring an additional 10,700 shares during the last quarter. Bailard Inc. increased its stake in Adecoagro by 650.0% in the fourth quarter. Bailard Inc. now owns 300,000 shares of the company’s stock valued at $3,102,000 after acquiring an additional 260,000 shares during the last quarter. Finally, Barings LLC bought a new position in Adecoagro in the fourth quarter valued at $2,784,000. 41.10% of the stock is currently owned by institutional investors and hedge funds.

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AGRO opened at $7.93 on Monday. The firm has a market capitalization of $972.41, a P/E ratio of 99.13 and a beta of 1.12. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.03. Adecoagro has a 52 week low of $7.22 and a 52 week high of $11.92.

A number of research analysts recently commented on the company. ValuEngine cut Adecoagro from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. JPMorgan Chase cut Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Wednesday, April 4th. Finally, UBS cut Adecoagro from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.00.

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Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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