Cosan (NYSE:CSAN) Insider Sells $199,406.00 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 35,800 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $5.57, for a total value of $199,406.00. Following the completion of the sale, the insider owned 2,202,136 shares in the company, valued at $12,265,897.52. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, April 17th, Maria Rita De Carvalh Drummond sold 37,400 shares of Cosan stock. The shares were sold at an average price of $5.48, for a total value of $204,952.00.
• On Thursday, April 16th, Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock. The shares were sold at an average price of $5.48, for a total value of $198,376.00.

Cosan Price Performance

NYSE:CSAN traded up $0.03 during trading hours on Thursday, reaching $3.48. The company had a trading volume of 1,764,256 shares, compared to its average volume of 2,192,060. Cosan S.A. Sponsored ADR has a one year low of $3.25 and a one year high of $6.25. The firm has a market capitalization of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82. The stock has a 50-day moving average of $4.07 and a two-hundred day moving average of $4.37. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after buying an additional 941,548 shares during the last quarter. Monaco Asset Management SAM raised its holdings in shares of Cosan by 200.5% in the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after buying an additional 2,004,813 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after purchasing an additional 761,968 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Cosan by 1,312.8% during the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after purchasing an additional 547,051 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Cosan by 235.0% during the third quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after purchasing an additional 341,973 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $4.75.

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.