Cosan (NYSE:CSAN) Stock Price Up 2.8% – Here’s What Happened

Cosan S.A. Sponsored ADR (NYSE:CSAN) shot up 2.8% during trading on Wednesday . The company traded as high as $4.37 and last traded at $4.2350. 3,316,596 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 2,388,677 shares. The stock had previously closed at $4.12.

Analyst Ratings Changes

CSAN has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Wall Street Zen cut Cosan from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, HSBC set a $5.00 target price on Cosan in a research report on Friday, December 5th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $4.75.

Cosan Stock Performance

The firm’s 50 day moving average is $4.49 and its 200 day moving average is $4.51. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. The stock has a market cap of $4.20 billion, a P/E ratio of -1.51 and a beta of 0.89.

Cosan (NYSE:CSAN) last released its quarterly 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 13.95% and a negative net margin of 32.24%.The firm had revenue of $1.74 billion during the quarter. Analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Cosan

Large investors have recently modified their holdings of the business. UBS Group AG raised its position in shares of Cosan by 36.9% in the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Monaco Asset Management SAM raised its holdings in shares of Cosan by 200.5% in the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after buying an additional 2,004,813 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after buying an additional 761,968 shares during the period. XTX Topco Ltd grew its holdings in shares of Cosan by 1,312.8% during the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after buying an additional 547,051 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Cosan by 235.0% in the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after acquiring an additional 341,973 shares during the period.

Cosan Company 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.