Cosan (NYSE:CSAN) CEO Buys $12,549,453.92 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins bought 2,441,528 shares of Cosan stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $5.14 per share, for a total transaction of $12,549,453.92. Following the acquisition, the chief executive officer directly owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This trade represents a 99.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 shares were purchased at an average price of $7.05 per share, for a total transaction of $11,273,556.30.

Cosan Stock Up 0.7%

Shares of CSAN stock traded up $0.03 during midday trading on Thursday, reaching $3.48. 1,764,256 shares of the stock were exchanged, compared to its average volume of 2,008,350. Cosan S.A. Sponsored ADR has a 1 year low of $3.25 and a 1 year high of $6.25. The company’s 50 day moving average is $4.05 and its two-hundred day moving average is $4.36. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The firm has a market cap of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.

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

Institutional Trading of Cosan

Several institutional investors have recently added to or reduced their stakes in CSAN. SmartHarvest Portfolios LLC purchased a new stake in Cosan during the 1st quarter valued at $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cosan during the 4th quarter valued at $46,000. Tuttle Capital Management LLC purchased a new stake in Cosan during the 4th quarter valued at $51,000. Royal Bank of Canada boosted its stake in Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after purchasing an additional 12,021 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in Cosan during the 4th quarter valued at $53,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cosan currently has an average rating of “Reduce” and an average 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.