Optiver Holding B.V. Invests $589,000 in Cosan S.A. Sponsored ADR $CSAN

Optiver Holding B.V. purchased a new position in Cosan S.A. Sponsored ADR (NYSE:CSAN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 128,097 shares of the company’s stock, valued at approximately $589,000.

Other hedge funds have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda raised its position in shares of Cosan by 280.1% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock valued at $1,925,000 after purchasing an additional 308,340 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Cosan in the second quarter worth $480,000. Acadian Asset Management LLC bought a new stake in shares of Cosan in the second quarter worth $3,049,000. Monaco Asset Management SAM acquired a new stake in Cosan in the third quarter valued at $4,600,000. Finally, Vise Technologies Inc. bought a new position in Cosan during the 2nd quarter valued at $144,000.

Analyst Ratings Changes

CSAN has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. HSBC set a $5.00 price target on Cosan in a research note on Friday, December 5th. The Goldman Sachs Group lowered their price objective on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Monday, December 1st. Finally, Wall Street Zen downgraded Cosan from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cosan has an average rating of “Reduce” and a consensus price target of $4.75.

Cosan Trading Down 3.9%

CSAN opened at $5.12 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The company’s 50-day moving average price is $4.31 and its 200 day moving average price is $4.55. Cosan S.A. Sponsored ADR has a fifty-two week low of $3.71 and a fifty-two week high of $6.25.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.