Maria Rita De Carvalh Drummond Sells 36,200 Shares of Cosan (NYSE:CSAN) Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 36,200 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.48, for a total value of $198,376.00. Following the completion of the transaction, the insider owned 2,165,936 shares in the company, valued at $11,869,329.28. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $5.48, for a total value of $204,952.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The shares were sold at an average price of $5.57, for a total value of $199,406.00.

Cosan Price Performance

Shares of Cosan stock opened at $3.37 on Friday. Cosan S.A. Sponsored ADR has a 52 week low of $3.25 and a 52 week high of $6.25. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The stock’s 50-day simple moving average is $4.02 and its 200-day simple moving average is $4.35. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -1.37 and a beta of 0.82.

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

Institutional Investors Weigh In On Cosan

Large investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda increased its holdings in shares of Cosan by 280.1% in the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock worth $1,925,000 after purchasing an additional 308,340 shares during the last quarter. 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 purchasing an additional 941,548 shares during the last quarter. Monaco Asset Management SAM bought a new stake in shares of Cosan in the third quarter worth about $4,600,000. Optiver Holding B.V. bought a new stake in shares of Cosan in the third quarter worth about $589,000. Finally, Tejara Capital Ltd bought a new stake in shares of Cosan in the fourth quarter worth about $1,386,000.

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.