Cosan (NYSE:CSAN) Hits New 1-Year Low – Here’s Why

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.61 and last traded at $2.5950, with a volume of 445026 shares traded. The stock had previously closed at $2.63.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group lowered Cosan to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cosan in a research note on Tuesday. Finally, HSBC lowered Cosan from a “hold” rating to a “reduce” rating and dropped their price objective for the company from $5.00 to $3.20 in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $3.85.

Cosan Stock Performance

The stock has a market cap of $2.65 billion, a PE ratio of -1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.65. The business has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $4.16.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share for the quarter. The company had revenue of $1.74 billion for the quarter. Cosan had a negative net margin of 24.09% and a negative return on equity of 14.30%.

Insider Buying and Selling

In related news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $5.48, for a total value of $204,952.00. Following the completion of the sale, the insider owned 2,128,536 shares of the company’s stock, valued at $11,664,377.28. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total value of $267,081.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,040 shares of company stock valued at $869,816 over the last quarter.

Institutional Trading of Cosan

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SmartHarvest Portfolios LLC purchased a new stake in Cosan in the first quarter worth $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cosan in the fourth quarter worth $46,000. Royal Bank of Canada lifted its stake in 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. Tuttle Capital Management LLC purchased a new stake in Cosan in the fourth quarter worth $51,000. Finally, Blue Trust Inc. lifted its stake in Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after acquiring an additional 12,749 shares during the period.

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.