Marcelo Eduardo Martins Purchases 1,599,086 Shares of Cosan (NYSE:CSAN) Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins bought 1,599,086 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average cost of $7.05 per share, for a total transaction of $11,273,556.30. Following the completion of the acquisition, the chief executive officer owned 3,120,178 shares in the company, valued at $21,997,254.90. This trade represents a 105.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 19th, Marcelo Eduardo Martins bought 2,441,528 shares of Cosan stock. The stock was bought at an average cost of $5.14 per share, for a total transaction of $12,549,453.92.

Cosan Stock Performance

Cosan stock traded up $0.03 during trading on Thursday, reaching $3.48. The company had a trading volume of 1,764,256 shares, compared to its average volume of 2,008,350. Cosan S.A. Sponsored ADR has a 52 week low of $3.25 and a 52 week high of $6.25. The firm’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.36. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -1.41 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSAN. SmartHarvest Portfolios LLC purchased a new position in shares of Cosan during the first quarter valued at about $46,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cosan during the fourth quarter valued at about $46,000. Tuttle Capital Management LLC purchased a new position in shares of Cosan during the fourth quarter valued at about $51,000. Royal Bank of Canada grew its position in shares of Cosan by 3,266.6% during the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after purchasing an additional 12,021 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Cosan during the fourth quarter valued at about $53,000.

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.