Adecoagro S.A. (NYSE:AGRO) Sees Significant Increase in Short Interest

Adecoagro S.A. (NYSE:AGRO) was the recipient of a large growth in short interest in the month of 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 daily trading volume, of 731,100 shares, the short-interest ratio is presently 1.9 days. Currently, 1.6% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Adecoagro

Institutional investors have recently modified their holdings of the business. Helikon Investments Ltd grew its position in shares of Adecoagro by 169.2% during the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after acquiring an additional 4,363,628 shares during the period. Herr Investment Group LLC grew 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 valued at $25,780,000 after purchasing an additional 616,345 shares during the period. Discovery Capital Management LLC CT increased its position in Adecoagro by 39.1% in 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 during the last quarter. Boston Partners raised its stake in shares of Adecoagro by 410.7% in the first quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after buying an additional 546,465 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after buying an additional 263,125 shares during the period. 45.25% of the stock is owned by institutional investors.

Adecoagro Stock Up 1.3 %

AGRO traded up $0.14 during trading on Tuesday, hitting $10.94. 1,011,470 shares of the company’s stock were exchanged, compared to its average volume of 583,377. The stock has a market cap of $1.14 billion, a P/E ratio of 7.29, a PEG ratio of 1.22 and a beta of 1.03. The business’s 50 day moving average is $11.27 and its two-hundred day moving average is $10.51. Adecoagro has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.174 per share. This is a positive change from Adecoagro’s previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. The ex-dividend date was Tuesday, November 12th. Adecoagro’s dividend payout ratio (DPR) is presently 23.33%.

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.