Cosan (NYSE:CSAN) Insider Sells $198,376.00 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $5.48, for a total value of $198,376.00. Following the completion of the sale, the insider directly owned 2,165,936 shares in the company, valued at approximately $11,869,329.28. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $5.48, for a total transaction of $204,952.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The stock was sold at an average price of $5.57, for a total transaction of $199,406.00.

Cosan Stock Up 0.7%

NYSE:CSAN traded up $0.03 on Thursday, hitting $3.48. 1,764,256 shares of the company’s stock were exchanged, compared to its average volume of 2,192,060. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The firm has a 50-day moving average price of $4.07 and a 200-day moving average price of $4.37. The company has a market cap of $3.45 billion, a P/E ratio of -1.41 and a beta of 0.82. Cosan S.A. Sponsored ADR has a 52 week low of $3.25 and a 52 week high of $6.25.

Cosan (NYSE:CSAN) last released its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The company 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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. According to data from MarketBeat, Cosan presently has an average rating of “Reduce” and a consensus target price of $4.75.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda raised its stake in Cosan by 280.1% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock worth $1,925,000 after purchasing an additional 308,340 shares in the last quarter. UBS Group AG grew its position in Cosan by 36.9% during the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after buying an additional 941,548 shares in the last quarter. Monaco Asset Management SAM acquired a new stake in Cosan during the third quarter worth approximately $4,600,000. Optiver Holding B.V. acquired a new stake in Cosan during the third quarter worth approximately $589,000. Finally, Tejara Capital Ltd acquired a new stake in Cosan during the fourth quarter worth approximately $1,386,000.

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.