Monaco Asset Management SAM lifted its position in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN – Free Report) by 200.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,004,813 shares of the company’s stock after acquiring an additional 2,004,813 shares during the quarter. Cosan makes up about 2.1% of Monaco Asset Management SAM’s investment portfolio, making the stock its 10th largest position. Monaco Asset Management SAM’s holdings in Cosan were worth $11,869,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tuttle Capital Management LLC bought a new stake in shares of Cosan during the fourth quarter worth $51,000. Clear Harbor Asset Management LLC bought a new stake in shares of Cosan during the fourth quarter worth $53,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cosan by 40.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock worth $58,000 after acquiring an additional 4,255 shares during the last quarter. Verus Capital Partners LLC bought a new stake in shares of Cosan during the third quarter worth $69,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Cosan during the second quarter worth $109,000.
Insider Activity at Cosan
In related news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $11,664,377.28. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Marcelo Eduardo Martins acquired 2,441,528 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $5.14 per share, with a total value of $12,549,453.92. Following the acquisition, the chief executive officer directly owned 4,890,286 shares of the company’s stock, valued at $25,136,070.04. The trade was a 99.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 187,040 shares of company stock worth $869,816.
Analysts Set New Price Targets
View Our Latest Report on Cosan
Cosan Trading Up 0.5%
NYSE CSAN opened at $3.02 on Monday. The stock has a 50-day simple moving average of $3.93 and a 200 day simple moving average of $4.30. The company has a market capitalization of $2.99 billion, a PE ratio of -1.23 and a beta of 0.74. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. Cosan S.A. Sponsored ADR has a 12 month low of $2.96 and a 12 month high of $6.25.
Cosan (NYSE:CSAN – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. The company had revenue of $1.74 billion during the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%.
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.
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