Insider Buying: Cosan (NYSE:CSAN) CEO Buys 2,441,528 Shares of Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins bought 2,441,528 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $5.14 per share, with a total value of $12,549,453.92. Following the purchase, the chief executive officer owned 4,890,286 shares in the company, valued at $25,136,070.04. The trade was a 99.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Marcelo Eduardo Martins also recently made the following trade(s):

• On Friday, April 10th, Marcelo Eduardo Martins bought 1,599,086 shares of Cosan stock. The stock was bought at an average cost of $7.05 per share, with a total value of $11,273,556.30.

Cosan Trading Up 0.7%

Shares of NYSE CSAN traded up $0.03 during midday trading on Thursday, reaching $3.48. The company had a trading volume of 1,764,256 shares, compared to its average volume of 2,008,350. Cosan S.A. Sponsored ADR has a one year low of $3.25 and a one year high of $6.25. 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 firm’s fifty day moving average price is $4.05 and its 200-day moving average price is $4.36. The stock has a market cap of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG raised its position in Cosan by 36.9% during the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Monaco Asset Management SAM raised its position in 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. Balyasny Asset Management L.P. grew its holdings in shares of Cosan by 5,210.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after acquiring an additional 761,968 shares during the period. XTX Topco Ltd grew its holdings in shares of Cosan by 1,312.8% during the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after acquiring an additional 547,051 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Cosan by 235.0% during the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock worth $2,243,000 after acquiring an additional 341,973 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.