683 Capital Management buys $2,028,000 stake in Adecoagro SA (AGRO)

Adecoagro SA (AGRO) : 683 Capital Management scooped up 3,970 additional shares in Adecoagro SA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 200,000 shares of Adecoagro SA which is valued at $2,028,000.Adecoagro SA makes up approximately 0.87% of 683 Capital Management’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors boosted its stake in AGRO in the latest quarter, The investment management firm added 163,099 additional shares and now holds a total of 185,222 shares of Adecoagro SA which is valued at $1,878,151. Adecoagro SA makes up approx 0.09% of A.r.t. Advisors’s portfolio. Somerset Capital Management Llp sold out all of its stake in AGRO during the most recent quarter. The investment firm sold 19,742 shares of AGRO which is valued $197,025. Capital Fund Management S.a. added AGRO to its portfolio by purchasing 61,500 company shares during the most recent quarter which is valued at $665,430. Adecoagro SA makes up approx 0.01% of Capital Fund Management S.a.’s portfolio. Joel Isaacson sold out all of its stake in AGRO during the most recent quarter. The investment firm sold 700 shares of AGRO which is valued $7,833. Palo Capital added AGRO to its portfolio by purchasing 38,446 company shares during the most recent quarter which is valued at $430,211. Adecoagro SA makes up approx 0.14% of Palo Capital’s portfolio.

Adecoagro SA opened for trading at $10.6 and hit $11.1 on the upside on Wednesday, eventually ending the session at $11.1, with a gain of 4.72% or 0.5 points. The heightened volatility saw the trading volume jump to 1,113,547 shares. Company has a market cap of $1,358 M.

Adecoagro S.A. is a holding company. The Company through its operating subsidiaries primarily engaged in agricultural and agro-industrial activities. The Company has three operating segments: Farming Sugar Ethanol and Energy and Land Transformation. The Company’s Farming segment is further consisted of four segments: Crops which produces a range of agricultural commodities; Rice which produces irrigated rice; Dairy which produces raw milk and All Other which consists of leasing pasture land to cattle farmers in Argentina and leasing its coffee plantation in the Rio de Janeiro farm to a third party. Its Sugar Ethanol and Energy segment consists of cultivating sugarcane which is processed in owned sugar mills transformed into ethanol sugar and electricity and marketed. Its Land Transformation segment consists of the identification and acquisition of underdeveloped and undermanaged farmland businesses and realization of value through the strategic disposition of assets.

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