Vise Technologies Inc. Makes New $144,000 Investment in Cosan S.A. Sponsored ADR $CSAN

Vise Technologies Inc. bought a new position in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,471 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors have also recently modified their holdings of CSAN. Acadian Asset Management LLC acquired a new position in Cosan during the second quarter worth $3,049,000. Cubist Systematic Strategies LLC boosted its position in shares of Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after purchasing an additional 299,366 shares in the last quarter. Martin Currie Ltd. grew its stake in shares of Cosan by 20.1% during the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock worth $7,512,000 after purchasing an additional 240,613 shares during the period. Royal Bank of Canada grew its stake in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after purchasing an additional 197,987 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Cosan in the 2nd quarter valued at about $556,000.

Cosan Stock Down 0.3%

CSAN stock opened at $4.76 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The company’s 50 day simple moving average is $4.75 and its 200-day simple moving average is $4.88. Cosan S.A. Sponsored ADR has a 12 month low of $3.80 and a 12 month high of $7.82. The firm has a market capitalization of $2.22 billion, a PE ratio of -3.21 and a beta of 1.01.

Cosan (NYSE:CSAN) last posted its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. Equities analysts expect that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSAN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. HSBC reiterated a “reduce” rating and set a $4.40 price target on shares of Cosan in a research report on Monday, September 22nd. The Goldman Sachs Group decreased their price target on Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 27th. Wall Street Zen raised Cosan from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cosan has a consensus rating of “Reduce” and a consensus target price of $9.47.

About Cosan

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.