Cosan (NYSE:CSAN) Insider Sells $199,406.00 in Stock
by Doug Wharley · The Cerbat GemCosan S.A. Sponsored ADR (NYSE:CSAN – Get Free Report) insider Maria Rita De Carvalh Drummond sold 35,800 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $5.57, for a total transaction of $199,406.00. Following the sale, the insider directly owned 2,202,136 shares in the company, valued at $12,265,897.52. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Maria Rita De Carvalh Drummond also recently made the following trade(s):
- On Friday, April 17th, Maria Rita De Carvalh Drummond sold 37,400 shares of Cosan stock. The stock was sold at an average price of $5.48, for a total value of $204,952.00.
- 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 value of $198,376.00.
Cosan Trading Up 0.7%
Shares of CSAN stock traded up $0.03 on Thursday, reaching $3.48. 1,764,256 shares of the stock were exchanged, compared to its average volume of 2,192,060. The stock has a market cap of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82. Cosan S.A. Sponsored ADR has a one year low of $3.25 and a one year high of $6.25. 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 50 day moving average price of $4.07 and a 200 day moving average price of $4.37.
Cosan (NYSE:CSAN – Get Free Report) last released its earnings results 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%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a research note 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, Cosan presently has an average rating of “Reduce” and a consensus price target of $4.75.
Get Our Latest Analysis on CSAN
Hedge Funds Weigh In On Cosan
Institutional investors have recently modified their holdings of the stock. SmartHarvest Portfolios LLC acquired a new position in shares of Cosan during the 1st quarter worth about $46,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cosan during the 4th quarter worth about $46,000. Royal Bank of Canada grew its position in shares of 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 buying an additional 12,021 shares during the period. Tuttle Capital Management LLC acquired a new position in shares of Cosan during the 4th quarter worth about $51,000. Finally, Blue Trust Inc. grew its position in shares of Cosan by 12,141.9% during the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after buying an additional 12,749 shares during the period.
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.