Cosan (NYSE:CSAN) Insider Maria Rita De Carvalh Drummond Sells 35,800 Shares

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 35,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $5.57, for a total transaction of $199,406.00. Following the transaction, the insider owned 2,202,136 shares of the company’s stock, valued at approximately $12,265,897.52. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $5.48, for a total value of $204,952.00.
• On Thursday, April 16th, Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock. The shares were sold at an average price of $5.48, for a total value of $198,376.00.

Cosan Trading Up 0.7%

Shares of CSAN opened at $3.48 on Friday. 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 S.A. Sponsored ADR has a 52-week low of $3.25 and a 52-week high of $6.25. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -1.41 and a beta of 0.82. The business’s fifty day moving average is $4.05 and its 200-day moving average is $4.36.

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

Institutional Investors Weigh In On Cosan

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock valued at $1,034,000 after purchasing an additional 197,987 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Cosan by 79.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock valued at $257,000 after purchasing an additional 21,818 shares during the last quarter. Jane Street Group LLC boosted its position in Cosan by 11.1% in the first quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock valued at $481,000 after buying an additional 9,181 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Cosan by 4,668.1% in the second quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company’s stock valued at $236,000 after buying an additional 45,841 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Cosan during the second quarter worth $109,000.

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.