Monaco Asset Management SAM Has $11.87 Million Stock Holdings in Cosan S.A. Sponsored ADR $CSAN

Monaco Asset Management SAM grew its holdings in Cosan S.A. Sponsored ADR (NYSE:CSAN) by 200.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,004,813 shares of the company’s stock after acquiring an additional 2,004,813 shares during the quarter. Cosan accounts for about 2.1% of Monaco Asset Management SAM’s investment portfolio, making the stock its 10th largest holding. Monaco Asset Management SAM’s holdings in Cosan were worth $11,869,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Clear Harbor Asset Management LLC bought a new stake in shares of Cosan in the fourth quarter worth about $53,000. Tejara Capital Ltd bought a new stake in shares of Cosan in the fourth quarter worth about $1,386,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Cosan in the fourth quarter worth about $257,000. UBS Group AG increased its holdings in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after acquiring an additional 941,548 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Cosan in the fourth quarter worth about $132,000.

Insider Transactions at Cosan

In other news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $5.48, for a total transaction of $204,952.00. Following the completion of the transaction, the insider directly owned 2,128,536 shares of the company’s stock, valued at $11,664,377.28. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.44, for a total value of $267,081.60. The SEC filing for this sale provides additional information. Insiders sold 187,040 shares of company stock valued at $869,816 over the last three months.

Cosan Stock Up 0.5%

CSAN stock opened at $3.02 on Monday. 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 stock has a market capitalization of $2.99 billion, a P/E ratio of -1.23 and a beta of 0.74. The business has a 50-day moving average of $3.93 and a 200-day moving average of $4.30. Cosan S.A. Sponsored ADR has a fifty-two week low of $2.96 and a fifty-two week high of $6.25.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on CSAN shares. Jefferies Financial Group downgraded Cosan to a “hold” rating in a report on Tuesday, May 26th. HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and lowered their price target for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $3.85.

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.