Cosan (NYSE:CSAN) CEO Marcelo Eduardo Martins Buys 2,441,528 Shares

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $5.14 per share, with a total value of $12,549,453.92. Following the completion of the acquisition, the chief executive officer owned 4,890,286 shares of the company’s stock, valued at approximately $25,136,070.04. This represents a 99.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Marcelo Eduardo Martins also recently made the following trade(s):

• On Friday, April 10th, Marcelo Eduardo Martins purchased 1,599,086 shares of Cosan stock. The shares were purchased at an average price of $7.05 per share, with a total value of $11,273,556.30.

Cosan Price Performance

Cosan stock opened at $3.48 on Friday. Cosan S.A. Sponsored ADR has a 1 year low of $3.25 and a 1 year high of $6.25. The firm has a 50 day moving average price of $4.05 and a 200 day moving average price of $4.36. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -1.41 and a beta of 0.82. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

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

Institutional Investors Weigh In On Cosan

A number of institutional investors have recently bought and sold shares of CSAN. Monaco Asset Management SAM grew its holdings in Cosan by 200.5% in the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares during the period. UBS Group AG grew its holdings in Cosan by 36.9% in the fourth 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 period. Balyasny Asset Management L.P. grew its holdings in Cosan by 5,210.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after purchasing an additional 761,968 shares during the period. XTX Topco Ltd grew its holdings in Cosan by 1,312.8% in the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after purchasing an additional 547,051 shares during the period. Finally, Tejara Capital Ltd purchased a new stake in Cosan in the fourth quarter valued at approximately $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.