Cosan (NYSE:CSAN) Reaches New 1-Year Low – What’s Next?

Cosan S.A. Sponsored ADR (NYSE:CSAN) hit a new 52-week low on Wednesday . The stock traded as low as $3.25 and last traded at $3.2650, with a volume of 2997864 shares. The stock had previously closed at $3.53.

Cosan Stock Performance

The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The firm has a fifty day moving average price of $4.05 and a two-hundred day moving average price of $4.36. The stock has a market capitalization of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.

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

Insider Activity at Cosan

In other news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $5.48, for a total value of $204,952.00. Following the sale, the insider directly owned 2,128,536 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of Cosan stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $5.14 per share, for a total transaction 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 trade represents a 99.70% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 109,400 shares of company stock worth $602,734.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UBS Group AG increased its holdings in Cosan by 36.9% during the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares during the period. Monaco Asset Management SAM increased its holdings in Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after purchasing an additional 2,004,813 shares during the period. Balyasny Asset Management L.P. increased its holdings in Cosan by 5,210.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after purchasing an additional 761,968 shares during the period. XTX Topco Ltd increased its holdings in Cosan by 1,312.8% during the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after purchasing an additional 547,051 shares during the period. Finally, Millennium Management LLC increased its holdings in Cosan by 235.0% during the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock worth $2,243,000 after purchasing 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.