Cosan (NYSE:CSAN) Reaches New 12-Month Low – What’s Next?

Cosan S.A. Sponsored ADR (NYSE:CSAN) hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.69 and last traded at $3.6650, with a volume of 1329775 shares. The stock had previously closed at $3.88.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 given a Sell rating to the stock. According to data from MarketBeat, Cosan currently has an average rating of “Reduce” and an average price target of $4.75.

Cosan Price Performance

The business’s 50-day moving average price is $4.19 and its 200 day moving average price is $4.41. The stock has a market capitalization of $3.61 billion, a PE ratio of -1.30 and a beta of 0.82. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The business had revenue of $1.74 billion during the quarter. Cosan had a negative return on equity of 13.95% and a negative net margin of 32.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CSAN. UBS Group AG raised its stake in Cosan by 36.9% in the fourth 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 in the last quarter. Monaco Asset Management SAM grew its stake in Cosan by 200.5% in the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after buying an additional 2,004,813 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Cosan by 5,210.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after buying an additional 761,968 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Cosan by 1,312.8% in the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after buying an additional 547,051 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Cosan by 235.0% during the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after buying an additional 341,973 shares in the last quarter.

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.