Finance

How Insiders and Institutions are Trading Adecoagro S.A. (AGRO)

Recent insider trends for Adecoagro S.A. (NYSE:AGRO) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of AGRO, the data has a lot to say about how the stock might perform going forward.

Institutions own 55.09% of Adecoagro S.A. (AGRO)’s shares. The total value of these holdings, in millions, is $624. Among active positions in the latest quarter, 70 holders increased their positions by a total of 11.52 million shares, 41 holders decreased the positions by a total of 14.45 million shares, and 22 holders held their positions. This works out to a net decrease in ownership of 2.92 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 16 holders initiated new positions by a total of 1.78 million shares and 20 holders exited their positions by a total of 11.16 million shares. This nets out to a decrease of 9.38 million shares and is another bearish sign for AGRO.

Insider ownership increased by a total of 0 shares, which suggests that AGRO’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Adecoagro S.A. (NYSE:AGRO)’s short interest is 270900 shares, or 0.32% of the float. This represents an increase of 31% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that AGRO is a Strong sell, which implies that AGRO is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Adecoagro S.A. (NYSE:AGRO) is overvalued.

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