Cosan (NYSE:CSAN) Reaches New 52-Week Low - Here's What Happened

Key Points

• Cosan S.A. Sponsored ADR shares hit a new 52-week low, trading at $3.87, down from a previous close of $4.22, with a volume of over 2 million shares traded.
• The stock was downgraded from a "hold" to a "sell" rating by Wall Street Zen, despite having a consensus rating of "Strong Buy" and an average price target of $19.00.
• Institutional investors showed significant activity, with Citadel Advisors increasing its stake by over 1,200% and other investors making considerable purchases in recent months.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.87 and last traded at $3.93, with a volume of 2032656 shares changing hands. The stock had previously closed at $4.22.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Cosan from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy" and a consensus target price of $19.00.

Cosan Stock Up 4.3%

The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The stock has a market capitalization of $1.86 billion, a P/E ratio of 3.01, a price-to-earnings-growth ratio of 0.12 and a beta of 0.98. The firm has a 50 day moving average of $4.60 and a 200-day moving average of $5.06.

Cosan (NYSE:CSAN - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share for the quarter. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $7.12 billion. On average, equities research analysts expect that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cosan

Several large investors have recently modified their holdings of CSAN. Jane Street Group LLC boosted its stake in shares of Cosan by 4.2% in the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company's stock valued at $485,000 after purchasing an additional 3,866 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Cosan in the 4th quarter valued at about $27,000. Clear Harbor Asset Management LLC boosted its stake in shares of Cosan by 12.7% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 44,500 shares of the company's stock valued at $225,000 after purchasing an additional 5,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cosan by 799.4% in the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock valued at $30,000 after purchasing an additional 5,108 shares during the last quarter. Finally, Virtus Investment Advisers LLC boosted its stake in shares of Cosan by 21.8% in the 2nd quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company's stock valued at $164,000 after purchasing an additional 5,820 shares during the last quarter.

About Cosan

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company's Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.