UBS Group AG Acquires 941,548 Shares of Cosan S.A. Sponsored ADR $CSAN

UBS Group AG raised its stake in Cosan S.A. Sponsored ADR (NYSE:CSAN) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,492,792 shares of the company’s stock after acquiring an additional 941,548 shares during the period. UBS Group AG’s holdings in Cosan were worth $13,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSAN. Monaco Asset Management SAM acquired a new position in Cosan in the 3rd quarter valued at $4,600,000. Millennium Management LLC raised its position in shares of Cosan by 235.0% in the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after buying an additional 341,973 shares in the last quarter. Kapitalo Investimentos Ltda raised its position in shares of Cosan by 280.1% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock valued at $1,925,000 after buying an additional 308,340 shares in the last quarter. Royal Bank of Canada raised its position in shares of Cosan by 113,135.4% in the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock valued at $1,034,000 after buying an additional 197,987 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Cosan in the 4th quarter valued at approximately $746,000.

Cosan Price Performance

Shares of CSAN opened at $3.70 on Friday. Cosan S.A. Sponsored ADR has a 12-month low of $3.61 and a 12-month high of $6.25. The business has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $4.40. 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 stock has a market cap of $3.66 billion, a PE ratio of -1.32 and a beta of 0.82.

Cosan (NYSE:CSAN) last issued its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative return on equity of 13.95% and a negative net margin of 32.24%.The firm had revenue of $1.74 billion during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $4.75.

Cosan 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.