Cosan (NYSE:CSAN) Director Rubens Ometto Silveira Mello Sells 77,640 Shares

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Rubens Ometto Silveira Mello sold 77,640 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total value of $267,081.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cosan Stock Performance

CSAN opened at $3.36 on Wednesday. Cosan S.A. Sponsored ADR has a one year low of $3.22 and a one year high of $6.25. The stock has a market capitalization of $3.33 billion, a PE ratio of -1.37 and a beta of 0.82. The business’s 50 day moving average price is $3.99 and its 200 day moving average price is $4.34. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%. The business had revenue of $1.74 billion during the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SmartHarvest Portfolios LLC acquired a new position in Cosan during the first quarter worth $46,000. Caitong International Asset Management Co. Ltd acquired a new position in Cosan during the fourth quarter worth $46,000. Tuttle Capital Management LLC acquired a new position in Cosan during the fourth quarter worth $51,000. Royal Bank of Canada lifted its stake in Cosan by 3,266.6% during 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 in the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in Cosan during the fourth quarter worth $53,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. HSBC cut Cosan from a “hold” rating to a “reduce” rating and decreased their price objective for the company from $5.00 to $3.20 in a report on Tuesday. Jefferies Financial Group cut Cosan to a “hold” rating in a report on Tuesday. Three equities 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 stock presently has an average rating of “Reduce” and a consensus price target of $3.85.

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.