Insider Buying: Cosan (NYSE:CSAN) Director Acquires $298,200.00 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Burkhard Otto Cordes acquired 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $4.26 per share, with a total value of $298,200.00. Following the completion of the acquisition, the director owned 1,509,000 shares of the company’s stock, valued at $6,428,340. This represents a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cosan Stock Performance

Shares of CSAN stock opened at $2.79 on Friday. Cosan S.A. Sponsored ADR has a 12 month low of $2.38 and a 12 month high of $6.00. The company’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.38. The firm has a market cap of $2.77 billion, a PE ratio of -1.29 and a beta of 0.71. The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12.

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

Wall Street Analysts Forecast Growth

CSAN has been the subject of a number of research analyst reports. Jefferies Financial Group cut Cosan to a “hold” rating in a report on Tuesday, May 26th. HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and decreased their price target for the company from $5.00 to $3.20 in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research report on Friday, September 4th. Citigroup upgraded shares of Cosan to a “hold” rating in a research note on Monday, June 29th. Finally, Wall Street Zen raised shares of Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $3.85.

Institutional Trading of Cosan

Several large investors have recently bought and sold shares of CSAN. Monaco Asset Management SAM grew its holdings in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares during the last quarter. SG Americas Securities LLC lifted its stake in Cosan by 4.1% in the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock valued at $810,000 after purchasing an additional 7,739 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Cosan by 115.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock valued at $728,000 after purchasing an additional 94,605 shares during the last quarter. Barometer Capital Management Inc. boosted its position in Cosan by 1,839.0% in the first quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock valued at $707,000 after buying an additional 162,750 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in Cosan in the fourth quarter valued at approximately $375,000.

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.