Cosan S.A. Sponsored ADR (NYSE:CSAN – Get Free Report) CEO Marcelo Eduardo Martins acquired 1,599,086 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average price of $7.05 per share, with a total value of $11,273,556.30. Following the transaction, the chief executive officer owned 3,120,178 shares of the company’s stock, valued at approximately $21,997,254.90. This represents a 105.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Marcelo Eduardo Martins also recently made the following trade(s):
- On Tuesday, May 19th, Marcelo Eduardo Martins acquired 2,441,528 shares of Cosan stock. The shares were purchased at an average price of $5.14 per share, with a total value of $12,549,453.92.
Cosan Trading Up 0.7%
CSAN traded up $0.03 on Thursday, hitting $3.48. The company had a trading volume of 1,764,256 shares, compared to its average volume of 2,008,350. The company has a market cap of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82. Cosan S.A. Sponsored ADR has a 12-month low of $3.25 and a 12-month high of $6.25. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The business’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $4.36.
Institutional Trading of Cosan
Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Cosan by 3,266.6% in the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after purchasing an additional 12,021 shares during the last quarter. Barometer Capital Management Inc. lifted its stake in Cosan by 1,839.0% in the first quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock worth $707,000 after purchasing an additional 162,750 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Cosan by 115.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in Cosan in the first quarter worth about $46,000. Finally, Blue Trust Inc. raised its stake in shares of Cosan by 12,141.9% during the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after acquiring an additional 12,749 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $4.75.
Read Our Latest Stock Report on Cosan
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.
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