Key Points
- Cosan CEO Marcelo Eduardo Martins bought 1,599,086 shares of the company on April 10 at an average price of $7.05, spending $11.27 million. After the purchase, his direct holdings rose to 3,120,178 shares, a 105% increase in his position.
- Martins also made a separate purchase on May 19, buying 2,441,528 shares at an average price of $5.14 for a total of $12.55 million, signaling continued insider confidence in Cosan.
- Cosan shares were up 0.7% and recently traded at $3.48, with the stock still well below its 52-week high of $6.25. The company reported a quarterly loss of $1.61 per share on revenue of $1.74 billion.
Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) insider Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $5.48, for a total value of $198,376.00. Following the completion of the sale, the insider directly owned 2,165,936 shares of the company's stock, valued at approximately $11,869,329.28. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 stock was 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 Trading Up 0.7%
Cosan stock opened at $3.48 on Friday. Cosan S.A. Sponsored ADR has a one year low of $3.25 and a one year high of $6.25. The business's fifty day moving average is $4.05 and its 200 day moving average is $4.36. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The stock has a market capitalization of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.
Cosan (NYSE:CSAN - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The company had revenue of $1.74 billion for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%.
Institutional Investors Weigh In On Cosan
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda grew its position in Cosan by 280.1% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company's stock worth $1,925,000 after purchasing an additional 308,340 shares during the period. UBS Group AG boosted its stake in shares of Cosan by 36.9% in the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company's stock worth $13,797,000 after buying an additional 941,548 shares during the last quarter. Monaco Asset Management SAM bought a new stake in shares of Cosan in the third quarter worth $4,600,000. Optiver Holding B.V. bought a new stake in shares of Cosan in the third quarter worth $589,000. Finally, Tejara Capital Ltd purchased a new stake in Cosan during the fourth quarter valued at $1,386,000.
About Cosan
(
Get Free Report)
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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