Key Points
- Cosan director Burkhard Otto Cordes bought 70,000 shares at $4.26 each, investing $298,200 and increasing his ownership by 4.86% to 1.509 million shares.
- Cosan’s stock opened at $2.69, near its 52-week low of $2.38, while the company reported a quarterly loss of $0.06 per share—$0.07 below estimates—and negative net margins and return on equity.
- Analyst sentiment remains cautious, with an average rating of “Reduce”, a $3.85 consensus price target, and ratings consisting of four Holds and two Sells.
Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) Director Burkhard Otto Cordes acquired 70,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $4.26 per share, with a total value of $298,200.00. Following the completion of the purchase, the director owned 1,509,000 shares of the company's stock, valued at $6,428,340. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Cosan Price Performance
Cosan stock opened at $2.69 on Wednesday. The firm has a fifty day moving average of $2.90 and a 200-day moving average of $3.42. Cosan S.A. Sponsored ADR has a 52-week low of $2.38 and a 52-week high of $6.01. The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $2.67 billion, a P/E ratio of -1.25 and a beta of 0.71.
Cosan (NYSE:CSAN - Get Free Report) last posted its earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $996.01 million. As a group, analysts predict that Cosan S.A. Sponsored ADR will post -0.27 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have commented on the company. Jefferies Financial Group cut Cosan to a "hold" rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of Cosan from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Citigroup upgraded Cosan to a "hold" rating in a research note on Monday, June 29th. Zacks Research raised shares of Cosan to a "hold" rating in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Cosan in a research note on Friday, September 4th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $3.85.
Check Out Our Latest Stock Analysis on Cosan
Institutional Trading of Cosan
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Monaco Asset Management SAM raised its stake in Cosan by 200.5% during the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company's stock valued at $11,869,000 after buying an additional 2,004,813 shares in the last quarter. Barometer Capital Management Inc. grew its position in shares of Cosan by 1,839.0% in the 1st quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company's stock worth $707,000 after acquiring an additional 162,750 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Cosan in the 4th quarter valued at approximately $375,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Cosan by 115.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company's stock valued at $728,000 after acquiring an additional 94,605 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Cosan during the 4th quarter valued at approximately $53,000.
About Cosan
(
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 Raízen, 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.
Further Reading
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