Cosan (NYSE:CSAN) Director Sells $267,081.60 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Rubens Ometto Silveira Mello sold 77,640 shares of Cosan stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total value of $267,081.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cosan Stock Down 1.7%

NYSE:CSAN opened at $3.13 on Friday. Cosan S.A. Sponsored ADR has a 1 year low of $3.04 and a 1 year high of $6.25. 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 stock has a market cap of $3.10 billion, a price-to-earnings ratio of -1.27 and a beta of 0.82. The stock has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $4.31.

Cosan (NYSE:CSAN) last posted its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%. The business had revenue of $1.74 billion during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Verus Capital Partners LLC raised its holdings in Cosan by 20.0% during the fourth quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock worth $71,000 after acquiring an additional 3,000 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Cosan by 4.2% in the second quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after buying an additional 3,866 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cosan by 40.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock worth $58,000 after acquiring an additional 4,255 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Cosan by 27.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 27,416 shares of the company’s stock worth $126,000 after acquiring an additional 5,856 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Cosan by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock worth $810,000 after acquiring an additional 7,739 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on CSAN. Jefferies Financial Group cut Cosan to a “hold” rating in a research note on Tuesday. HSBC cut Cosan from a “hold” rating to a “reduce” rating and decreased their target price for the company from $5.00 to $3.20 in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $3.85.

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.