Insider Selling: Cosan (NYSE:CSAN) Insider Sells 37,400 Shares of Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 37,400 shares of Cosan stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $5.48, for a total value of $204,952.00. Following the completion of the sale, the insider owned 2,128,536 shares of the company’s stock, valued at $11,664,377.28. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Maria Rita De Carvalh Drummond also recently made the following trade(s):

• On Thursday, April 16th, Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock. The stock was sold at an average price of $5.48, for a total transaction of $198,376.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The stock was sold at an average price of $5.57, for a total transaction of $199,406.00.

Cosan Trading Up 0.7%

NYSE:CSAN traded up $0.03 during trading hours on Thursday, reaching $3.48. 1,764,256 shares of the company were exchanged, compared to its average volume of 2,192,060. 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 firm has a market cap of $3.45 billion, a price-to-earnings ratio of -1.41 and a beta of 0.82. Cosan S.A. Sponsored ADR has a 52-week low of $3.25 and a 52-week high of $6.25. The stock has a 50 day simple moving average of $4.07 and a 200 day simple moving average of $4.37.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CSAN. SmartHarvest Portfolios LLC purchased a new position in Cosan in the first quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cosan during the 4th quarter worth $46,000. Tuttle Capital Management LLC purchased a new stake in Cosan during the 4th quarter worth $51,000. Royal Bank of Canada boosted its position in Cosan by 3,266.6% during the 1st 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 period. Finally, Clear Harbor Asset Management LLC purchased a new stake in Cosan during the 4th quarter worth $53,000.

Wall Street Analysts Forecast Growth

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

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.