Cosan (NYSE:CSAN) Director Burkhard Otto Cordes Purchases 89,000 Shares of Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Burkhard Otto Cordes bought 89,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $4.47 per share, with a total value of $397,830.00. Following the completion of the transaction, the director owned 1,439,000 shares in the company, valued at approximately $6,432,330. This trade represents a 6.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Cosan Price Performance

Shares of NYSE CSAN opened at $2.69 on Wednesday. Cosan S.A. Sponsored ADR has a 1 year low of $2.38 and a 1 year high of $6.01. 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 company’s 50-day moving average is $2.90 and its 200 day moving average is $3.42. The stock has a market capitalization of $2.67 billion, a P/E ratio of -1.25 and a beta of 0.71.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%.The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $996.01 million. On average, sell-side analysts expect that Cosan S.A. Sponsored ADR will post -0.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research report on Friday, September 4th. Jefferies Financial Group lowered Cosan to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Zacks Research raised shares of Cosan to a “hold” rating in a research report on Thursday, June 18th. Finally, HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $5.00 to $3.20 in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $3.85.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SmartHarvest Portfolios LLC purchased a new position in Cosan during the first quarter valued at $46,000. Royal Bank of Canada grew its stake in shares of Cosan by 3,266.6% in the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after acquiring an additional 12,021 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after acquiring an additional 12,749 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Cosan during the fourth quarter valued at $53,000. Finally, Verus Capital Partners LLC increased its holdings in shares of Cosan by 20.0% during the fourth quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock valued at $71,000 after acquiring an additional 3,000 shares in the last quarter.

Cosan Company Profile

Cosan SA (NYSE: CSAN) is a Brazil-based energy and infrastructure company with operations and investments across fuel distribution, sugar and ethanol, natural gas, logistics, lubricants and agricultural land management. The company operates primarily through subsidiaries and affiliated businesses, including stakes in businesses that produce renewable fuels, distribute energy and transport commodities.

Through Raízen, its joint venture with Shell, Cosan is involved in the production and marketing of sugar and ethanol, the generation of electricity from sugarcane biomass and the distribution of fuels through service stations and commercial channels.