Cosan (NYSE:CSAN) Upgraded by Citigroup to Hold Rating

Citigroup upgraded shares of Cosan (NYSE:CSAN) to a hold rating in a research report released on Monday,Zacks.com reports.

CSAN has been the topic of several other reports. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a report on Tuesday, June 9th. Zacks Research upgraded Cosan to a “hold” rating in a research note on Thursday, June 18th. Jefferies Financial Group downgraded shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th. Finally, HSBC lowered shares of Cosan from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $5.00 to $3.20 in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $3.85.

Cosan Stock Up 0.9%

Shares of Cosan stock opened at $2.88 on Monday. Cosan has a 1-year low of $2.52 and a 1-year high of $6.01. The company has a market capitalization of $2.85 billion, a PE ratio of -1.17 and a beta of 0.74. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. The business has a 50-day moving average of $3.34 and a 200-day moving average of $3.97.

Insider Buying and Selling at Cosan

In other Cosan news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $5.48, for a total transaction of $204,952.00. Following the sale, the insider owned 2,128,536 shares in the company, valued at $11,664,377.28. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total value of $267,081.60. The disclosure for this sale is available in the SEC filing. Insiders have sold 187,040 shares of company stock worth $869,816 over the last quarter.

Hedge Funds Weigh In On Cosan

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