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

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Rubens Ometto Silveira Mello sold 77,640 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total transaction of $267,081.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cosan Price Performance

CSAN remained flat at $3.36 during mid-day trading on Tuesday. 2,519,380 shares of the company’s stock were exchanged, compared to its average volume of 2,189,794. The firm has a market cap of $3.33 billion, a PE ratio of -1.37 and a beta of 0.82. 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’s 50-day moving average is $4.00 and its two-hundred day moving average is $4.34. Cosan S.A. Sponsored ADR has a 1-year low of $3.22 and a 1-year high of $6.25.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSAN. Jefferies Financial Group downgraded shares of Cosan to a “hold” rating in a research report on Tuesday. HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and cut their price objective for the company from $5.00 to $3.20 in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.85.

Institutional Investors Weigh In On Cosan

A number of hedge funds have recently modified their holdings of CSAN. SmartHarvest Portfolios LLC bought a new stake in shares of Cosan during the 1st quarter valued at $46,000. Caitong International Asset Management Co. Ltd bought a new position in Cosan in the 4th quarter worth $46,000. Tuttle Capital Management LLC bought a new position in Cosan in the 4th quarter worth $51,000. Royal Bank of Canada boosted its holdings in Cosan by 3,266.6% in the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after buying an additional 12,021 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in Cosan in the 4th quarter worth $53,000.

About Cosan

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.