Maria Rita De Carvalh Drummond Sells 37,400 Shares of Cosan (NYSE:CSAN) Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $5.48, for a total value of $204,952.00. Following the completion of the sale, the insider directly owned 2,128,536 shares of the company’s stock, valued at approximately $11,664,377.28. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Maria Rita De Carvalh Drummond also recently made the following trade(s):

• On Thursday, April 16th, Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock. The stock was sold at an average price of $5.48, for a total value of $198,376.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The stock was sold at an average price of $5.57, for a total value of $199,406.00.

Cosan Price Performance

NYSE CSAN opened at $3.37 on Friday. The business has a 50 day simple moving average of $4.02 and a 200 day simple moving average of $4.35. Cosan S.A. Sponsored ADR has a 52-week low of $3.25 and a 52-week high of $6.25. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -1.37 and a beta of 0.82.

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 return on equity of 13.94% and a negative net margin of 32.24%.The business had revenue of $1.74 billion for the quarter.

Hedge Funds Weigh In On Cosan

Hedge funds have recently made changes to their positions in the business. SmartHarvest Portfolios LLC bought a new position in shares of Cosan during the 1st quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cosan during the 4th quarter worth approximately $46,000. Tuttle Capital Management LLC bought a new position in shares of Cosan during the 4th quarter worth approximately $51,000. Royal Bank of Canada grew its stake in shares of Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after acquiring an additional 12,021 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Cosan during the 4th quarter worth approximately $53,000.

About Cosan

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.