After grabbing 7.79 million shares, the institutional investor is now in possession of 7.79 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 14.78% having worth around $21.18 million. Moreover, First Manhattan Co. increased its share by 0.29 million to have a control over 3.21 million shares. And TSP Capital Management Group LLC raised its holdings to 97100.0 shares by acquiring 3.17 million shares or 6.02% of the stake.
AgroFresh Solutions Inc. (AGFS) concluded trading on 11/23/22 at a closing price of $2.94, with 0.46 million shares of worth about $1.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 65.17% during that period and on Wednesday the price saw a loss of about -0.17%. Currently the company’s common shares owned by public are about 52.40M shares, out of which, 51.34M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 20 times over the past 12 months. They bought 1,013,034 shares in 12 of the transactions. In 8 selling transactions, insiders dumped 154,864 shares.
T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in AgroFresh Solutions Inc. T Rowe Price Small Cap Value Fund is currently holding 5.49 million shares of worth totaling $14.92 million. The company recently came selling 46465.0 shares which brought its stake up to 10.41% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 12081.0 shares, after which its hold over company’s outstanding shares expand to 1.24%, leaving 0.65 million shares with the mutual fund that have a worth of about $1.77 million. Vanguard Extended Market Index Fu, after buying 0.39 million shares, have now control over 0.75% of the stake in the company. It holds 0.0 shares of worth $1.07 million.
AgroFresh Solutions Inc. (NASDAQ: AGFS) started trading at $2.95, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.9600, or with a loss of -0.17%. Stock saw a price change of 3.89% in past 5 days and over the past one month there was a price change of 87.26%. Year-to-date (YTD), AGFS shares are showing a performance of 47.74% which increased to 50.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.46 but also hit the highest price of $2.96 during that period. The average intraday trading volume for AgroFresh Solutions Inc. shares is 735.64K. The stock is currently trading 7.90% above its 20-day simple moving average (SMA20), while that difference is up 44.56% for SMA50 and it goes to 58.20% higher than SMA200.
T. Rowe Price Investment Manageme acquired 7.79 million shares of AgroFresh Solutions Inc. having value of about $21.18 million. AgroFresh Solutions Inc. (NASDAQ: AGFS) currently have 52.40M outstanding shares and institutions hold larger chunk of about 74.40% of that. Holding of mutual funds in the company is about 18.99% while other institutional holders and individual stake holders have control over 60.99% and 15.86% of the stake respectively.
The stock has a current market capitalization of $155.44M and its 3Y-monthly beta is at 1.08. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 1.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AGFS, volatility over the week remained 1.56% while standing at 3.57% over the month.
Analysts are in expectations that AgroFresh Solutions Inc. (AGFS) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is -$0.58 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 53.30% while it is estimated to increase by 32.60% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 23.50% made by the stock over the past 5-years.
Coverage by BMO Capital Markets stated AgroFresh Solutions Inc. (AGFS) stock as a Market perform in their note to investors on December 17, 2020, suggesting a price target of $3 for the stock. Stock get a Buy rating from Citigroup on February 12, 2016.