Insider Selling: Cosan (NYSE:CSAN) Insider Sells 36,200 Shares of Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 36,200 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.48, for a total value of $198,376.00. Following the completion of the transaction, the insider directly owned 2,165,936 shares of the company’s stock, valued at approximately $11,869,329.28. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were sold at an average price of $5.48, for a total value of $204,952.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The shares were sold at an average price of $5.57, for a total value of $199,406.00.

Cosan Price Performance

CSAN stock 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 2,192,060. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -1.41 and a beta of 0.82. The stock has a 50 day moving average price of $4.07 and a 200-day moving average price of $4.37. Cosan S.A. Sponsored ADR has a 1-year low of $3.25 and a 1-year high of $6.25. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65.

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

Institutional Investors Weigh In On Cosan

A number of hedge funds have recently made changes to their positions in CSAN. Monaco Asset Management SAM increased its holdings in shares of Cosan by 200.5% during the fourth 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. UBS Group AG boosted its stake in shares of Cosan by 36.9% during 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. Balyasny Asset Management L.P. boosted its stake in shares of Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after purchasing an additional 761,968 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Cosan by 1,312.8% during the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after purchasing an additional 547,051 shares in the last quarter. Finally, Tejara Capital Ltd acquired a new stake in shares of Cosan during the fourth quarter valued at about $1,386,000.

Wall Street Analysts Forecast Growth

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.com, the company currently has an average rating of “Reduce” and an average target price of $4.75.

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.