Adecoagro S.A. (AGRO) Position Raised by TIAA CREF Investment Management LLC

Adecoagro S.A. (AGRO) Position Raised by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its position in shares of Adecoagro S.A. (NYSE:AGRO) by 743.2% during the third quarter, Holdings Channel reports. The institutional investor owned 506,618 shares of the company’s stock after buying an additional 446,532 shares during the period. TIAA CREF Investment Management LLC owned about 0.42% of Adecoagro worth $5,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fis Group Inc. boosted its position in Adecoagro by 0.5% in the third quarter. Fis Group Inc. now owns 38,316 shares of the company’s stock worth $434,000 after buying an additional 179 shares in the last quarter. Guggenheim Capital LLC boosted its position in Adecoagro by 1.8% in the second quarter. Guggenheim Capital LLC now owns 41,345 shares of the company’s stock worth $454,000 after buying an additional 729 shares during the period. Cambiar Investors LLC boosted its position in Adecoagro by 15.3% in the second quarter. Cambiar Investors LLC now owns 33,400 shares of the company’s stock worth $366,000 after buying an additional 4,430 shares during the period. Sloane Robinson LLP boosted its position in Adecoagro by 9.8% in the third quarter. Sloane Robinson LLP now owns 94,500 shares of the company’s stock worth $1,078,000 after buying an additional 8,400 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Adecoagro by 6.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 137,716 shares of the company’s stock worth $1,571,000 after buying an additional 8,500 shares during the period. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Adecoagro S.A. (NYSE:AGRO) traded down 0.17% on Friday, reaching $11.68. The company’s stock had a trading volume of 1,542,379 shares. The stock has a market capitalization of $1.42 billion, a P/E ratio of 486.67 and a beta of 0.98. The firm has a 50 day moving average price of $10.70 and a 200 day moving average price of $10.71. Adecoagro S.A. has a 52 week low of $9.38 and a 52 week high of $13.42.

Separately, Zacks Investment Research upgraded Adecoagro from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, January 10th.

Adecoagro Company Profile

Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.

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