Cosan (NYSE:CSAN) Director Burkhard Otto Cordes Purchases 89,000 Shares

Cosan S.A. Sponsored ADR (NYSE:CSANGet Free Report) Director Burkhard Otto Cordes bought 89,000 shares of Cosan stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $4.47 per share, for a total transaction of $397,830.00. Following the purchase, the director owned 1,439,000 shares of the company’s stock, valued at approximately $6,432,330. This trade represents a 6.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cosan Trading Down 1.3%

Shares of CSAN traded down $0.04 during trading hours on Tuesday, reaching $2.69. 3,989,083 shares of the company traded hands, compared to its average volume of 2,157,418. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -1.25 and a beta of 0.71. Cosan S.A. Sponsored ADR has a 12-month low of $2.38 and a 12-month high of $6.01. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12. The stock’s fifty day moving average price is $2.91 and its 200 day moving average price is $3.43.

Cosan (NYSE:CSANGet Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $996.01 million. Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%. Sell-side analysts forecast that Cosan S.A. Sponsored ADR will post -0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research report on Friday, September 4th. Zacks Research upgraded Cosan to a “hold” rating in a report on Thursday, June 18th. HSBC cut Cosan from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $5.00 to $3.20 in a research note on Tuesday, May 26th. Wall Street Zen upgraded Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Jefferies Financial Group lowered Cosan to a “hold” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $3.85.

Get Our Latest Research Report on Cosan

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Monaco Asset Management SAM raised its holdings in shares of Cosan by 200.5% in the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Cosan by 4.1% in the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock worth $810,000 after purchasing an additional 7,739 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Cosan by 115.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock valued at $728,000 after purchasing an additional 94,605 shares in the last quarter. Barometer Capital Management Inc. increased its holdings in Cosan by 1,839.0% during the first quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock valued at $707,000 after buying an additional 162,750 shares during the period. Finally, Alpine Global Management LLC bought a new position in Cosan in the fourth quarter worth approximately $375,000.

Cosan Company Profile

(Get Free Report)

Cosan SA (NYSE: CSAN) is a Brazil-based energy and infrastructure company with operations and investments across fuel distribution, sugar and ethanol, natural gas, logistics, lubricants and agricultural land management. The company operates primarily through subsidiaries and affiliated businesses, including stakes in businesses that produce renewable fuels, distribute energy and transport commodities.

Through RaĆ­zen, its joint venture with Shell, Cosan is involved in the production and marketing of sugar and ethanol, the generation of electricity from sugarcane biomass and the distribution of fuels through service stations and commercial channels.

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