Alden Global Capital Lowers stake in Adecoagro SA (AGRO)

Adecoagro SA (AGRO) : Alden Global Capital reduced its stake in Adecoagro SA by 70.01% during the most recent quarter end. The investment management company now holds a total of 70,750 shares of Adecoagro SA which is valued at $717,405 after selling 165,150 shares in Adecoagro SA , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Adecoagro SA makes up approximately 0.74% of Alden Global Capital’s portfolio.

Other Hedge Funds, Including , Sfmg reduced its stake in AGRO by selling 1,320 shares or 11.2% in the most recent quarter. The Hedge Fund company now holds 10,461 shares of AGRO which is valued at $106,075. Adecoagro SA makes up approx 0.02% of Sfmg’s portfolio.Caxton Associates Lp boosted its stake in AGRO in the latest quarter, The investment management firm added 267,418 additional shares and now holds a total of 634,723 shares of Adecoagro SA which is valued at $6,436,091. Adecoagro SA makes up approx 0.27% of Caxton Associates Lp’s portfolio.Tower Research Capital (trc) reduced its stake in AGRO by selling 812 shares or 21.92% in the most recent quarter. The Hedge Fund company now holds 2,892 shares of AGRO which is valued at $29,325.Princeton Alpha Management Lp reduced its stake in AGRO by selling 6,572 shares or 14.42% in the most recent quarter. The Hedge Fund company now holds 39,011 shares of AGRO which is valued at $404,154. Adecoagro SA makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio.

Adecoagro SA opened for trading at $10.04 and hit $10.23 on the upside on Thursday, eventually ending the session at $10.23, with a gain of 1.79% or 0.18 points. The heightened volatility saw the trading volume jump to 5,36,142 shares. Company has a market cap of $1,252 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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