Maria Rita De Carvalh Drummond Sells 35,800 Shares of Cosan (NYSE:CSAN) Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $5.57, for a total value of $199,406.00. Following the completion of the sale, the insider directly owned 2,202,136 shares of the company’s stock, valued at approximately $12,265,897.52. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

Cosan Stock Down 3.0%

Cosan stock opened at $3.37 on Friday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -1.37 and a beta of 0.82. The stock has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $4.35. Cosan S.A. Sponsored ADR has a 12 month low of $3.25 and a 12 month high of $6.25. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01.

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

Institutional Trading of Cosan

Several large investors have recently modified their holdings of CSAN. SmartHarvest Portfolios LLC bought a new stake in shares of Cosan in the first quarter worth $46,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cosan in the fourth quarter worth $46,000. Tuttle Capital Management LLC bought a new stake in shares of Cosan in the fourth quarter worth $51,000. Royal Bank of Canada grew its holdings in shares of Cosan by 3,266.6% in the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after acquiring an additional 12,021 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Cosan in the fourth quarter worth $53,000.

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.