Monaco Asset Management SAM Makes New Investment in Cosan S.A. Sponsored ADR $CSAN

Monaco Asset Management SAM purchased a new position in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $4,600,000. Cosan makes up about 0.3% of Monaco Asset Management SAM’s holdings, making the stock its 22nd biggest holding.

Other institutional investors have also modified their holdings of the company. Kapitalo Investimentos Ltda boosted its position in Cosan by 280.1% during the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock worth $1,925,000 after acquiring an additional 308,340 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Cosan during the 2nd quarter worth $480,000. Acadian Asset Management LLC acquired a new stake in shares of Cosan during the second quarter worth $3,049,000. Vise Technologies Inc. purchased a new stake in shares of Cosan in the second quarter valued at $144,000. Finally, Savant Capital LLC purchased a new position in Cosan during the second quarter worth about $77,000.

Cosan Stock Up 2.5%

CSAN opened at $5.07 on Friday. Cosan S.A. Sponsored ADR has a 52-week low of $3.71 and a 52-week high of $6.25. The company has a 50 day moving average of $4.26 and a two-hundred day moving average of $4.53. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01.

Wall Street Analyst Weigh In

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

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.