Cosan (NYSE:CSAN) Reaches New 52-Week Low – Should You Sell?

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) reached a new 52-week low during trading on Friday . The company traded as low as $2.74 and last traded at $2.7350, with a volume of 1140131 shares. The stock had previously closed at $2.87.

Wall Street Analyst Weigh In

CSAN has been the subject of a number of recent analyst reports. HSBC cut shares of Cosan from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $5.00 to $3.20 in a research note on Tuesday, May 26th. Jefferies Financial Group cut shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $3.85.

Cosan Stock Performance

The firm’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $4.23. The company has a market capitalization of $2.76 billion, a PE ratio of -1.13 and a beta of 0.74. 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 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 Transactions at Cosan

In other news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $5.48, for a total value of $204,952.00. Following the completion of the sale, the insider owned 2,128,536 shares of the company’s stock, valued at approximately $11,664,377.28. This represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 187,040 shares of company stock valued at $869,816.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently modified their holdings of CSAN. Monaco Asset Management SAM lifted its position in shares of Cosan by 200.5% in 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. UBS Group AG raised its stake in shares of 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 acquiring an additional 941,548 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of 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 acquiring an additional 761,968 shares in the last quarter. XTX Topco Ltd raised its stake in shares of 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 acquiring an additional 547,051 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in shares of Cosan during the 4th quarter worth 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.