Teacher Retirement System of Texas Invests $109,000 in Adecoagro S.A. (NYSE:AGRO)

Teacher Retirement System of Texas bought a new stake in Adecoagro S.A. (NYSE:AGRO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,835 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Adecoagro by 19.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,091 shares of the company’s stock valued at $2,194,000 after acquiring an additional 44,829 shares during the period. Morgan Stanley boosted its holdings in Adecoagro by 230.2% in the first quarter. Morgan Stanley now owns 1,716,462 shares of the company’s stock valued at $13,491,000 after purchasing an additional 1,196,712 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Adecoagro in the second quarter valued at $468,000. Geode Capital Management LLC boosted its holdings in Adecoagro by 34.6% in the first quarter. Geode Capital Management LLC now owns 26,941 shares of the company’s stock valued at $211,000 after purchasing an additional 6,918 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Adecoagro in the first quarter valued at $396,000. 60.58% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on AGRO shares. Zacks Investment Research lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Friday, July 9th. TheStreet lowered shares of Adecoagro from a “b-” rating to a “c+” rating in a research note on Thursday, July 1st.

AGRO stock opened at $9.03 on Tuesday. The company’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $9.52. The company has a quick ratio of 1.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.76. Adecoagro S.A. has a 52-week low of $4.55 and a 52-week high of $11.77. The firm has a market cap of $1.06 billion, a P/E ratio of 10.26 and a beta of 1.31.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, August 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 11.48% and a net margin of 10.96%. The firm had revenue of $289.77 million for the quarter. On average, analysts anticipate that Adecoagro S.A. will post 0.59 earnings per share for the current fiscal year.

Adecoagro Profile

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

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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