Kapitalo Investimentos Ltda Has $1.93 Million Stock Position in Cosan S.A. Sponsored ADR $CSAN

Kapitalo Investimentos Ltda lifted its stake in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) by 280.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 418,432 shares of the company’s stock after purchasing an additional 308,340 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Cosan were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jane Street Group LLC grew its position in Cosan by 4.2% during the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock worth $485,000 after acquiring an additional 3,866 shares during the last quarter. Virtus Investment Advisers LLC boosted its stake in shares of Cosan by 21.8% during the second quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company’s stock valued at $164,000 after purchasing an additional 5,820 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Cosan during the second quarter worth about $64,000. Savant Capital LLC acquired a new position in shares of Cosan in the second quarter valued at approximately $77,000. Finally, Engineers Gate Manager LP raised its holdings in Cosan by 16.0% in the 2nd quarter. Engineers Gate Manager LP now owns 128,983 shares of the company’s stock valued at $651,000 after buying an additional 17,820 shares during the last quarter.

Cosan Stock Performance

Shares of CSAN stock opened at $4.68 on Thursday. The firm has a 50 day moving average of $4.34 and a 200-day moving average of $4.48. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -3.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. Cosan S.A. Sponsored ADR has a 52 week low of $3.71 and a 52 week high of $6.25.

Cosan (NYSE:CSAN) last issued its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.49). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. Cosan had a negative return on equity of 36.85% and a negative net margin of 32.24%. On average, equities analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CSAN shares. The Goldman Sachs Group reduced their target price on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, December 1st. Hsbc Global Res upgraded Cosan from a “moderate sell” rating to a “hold” rating in a report on Friday, December 5th. Wall Street Zen lowered Cosan from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. HSBC set a $5.00 price target on Cosan in a research report on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cosan presently has an average rating of “Reduce” and a consensus price target 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.