Cosan (NYSE:CSAN) Director Acquires $397,830.00 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Burkhard Otto Cordes purchased 89,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $4.47 per share, with a total value of $397,830.00. Following the purchase, the director owned 1,439,000 shares of the company’s stock, valued at approximately $6,432,330. This trade represents a 6.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cosan Stock Up 0.5%

Shares of NYSE CSAN opened at $2.79 on Friday. Cosan S.A. Sponsored ADR has a 52-week low of $2.38 and a 52-week high of $6.00. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87. The business has a fifty day moving average of $2.89 and a two-hundred day moving average of $3.38. The stock has a market cap of $2.77 billion, a PE ratio of -1.29 and a beta of 0.71.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Saturday, August 15th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $996.01 million. Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%. As a group, equities research analysts expect that Cosan S.A. Sponsored ADR will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CSAN has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a report on Friday, September 4th. Zacks Research raised shares of Cosan to a “hold” rating in a research report on Thursday, June 18th. Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a report on Tuesday, May 26th. Citigroup raised shares of Cosan to a “hold” rating in a research report on Monday, June 29th. Finally, HSBC cut Cosan from a “hold” rating to a “reduce” rating and lowered their target price for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cosan presently has an average rating of “Reduce” and an average price target of $3.85.

Hedge Funds Weigh In On Cosan

Hedge funds have recently bought and sold shares of the business. Verus Capital Partners LLC raised its stake in Cosan by 20.0% during the 4th quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock valued at $71,000 after purchasing an additional 3,000 shares during the period. SG Americas Securities LLC boosted its position in shares of Cosan by 4.1% in the first quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock worth $810,000 after buying an additional 7,739 shares during the period. SmartHarvest Portfolios LLC acquired a new stake in shares of Cosan in the first quarter worth $46,000. Royal Bank of Canada grew its holdings in shares of Cosan by 3,266.6% during the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after buying an additional 12,021 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cosan by 12,141.9% during the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after buying an additional 12,749 shares in the last quarter.

About Cosan

Cosan SA (NYSE: CSAN) is a Brazil-based energy and infrastructure company with operations and investments across fuel distribution, sugar and ethanol, natural gas, logistics, lubricants and agricultural land management. The company operates primarily through subsidiaries and affiliated businesses, including stakes in businesses that produce renewable fuels, distribute energy and transport commodities.

Through Raízen, its joint venture with Shell, Cosan is involved in the production and marketing of sugar and ethanol, the generation of electricity from sugarcane biomass and the distribution of fuels through service stations and commercial channels.