Rubens Ometto Silveira Mello Sells 77,640 Shares of Cosan (NYSE:CSAN) Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Rubens Ometto Silveira Mello sold 77,640 shares of Cosan stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cosan Stock Down 4.9%

Shares of Cosan stock opened at $3.18 on Thursday. Cosan S.A. Sponsored ADR has a 52-week low of $3.16 and a 52-week high of $6.25. The company has a 50 day moving average of $3.97 and a 200 day moving average of $4.33. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $3.15 billion, a P/E ratio of -1.29 and a beta of 0.82.

Cosan (NYSE:CSAN) last issued its quarterly 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 firm had revenue of $1.74 billion during the quarter.

Hedge Funds Weigh In On Cosan

A number of institutional investors have recently modified their holdings of CSAN. Monaco Asset Management SAM increased its holdings in shares of Cosan by 200.5% in the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after acquiring an additional 2,004,813 shares during the period. UBS Group AG grew its position in Cosan by 36.9% in the 4th 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. Balyasny Asset Management L.P. grew its position in Cosan by 5,210.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after buying an additional 761,968 shares during the last quarter. XTX Topco Ltd grew its position in Cosan by 1,312.8% in the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after buying an additional 547,051 shares during the last quarter. Finally, Tejara Capital Ltd purchased a new position in Cosan in the 4th quarter valued at $1,386,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSAN. Jefferies Financial Group downgraded shares of Cosan to a “hold” rating in a research report on Tuesday. HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and reduced their price objective for the stock from $5.00 to $3.20 in a research report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $3.85.

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.