Itau Unibanco Holding S.A. trimmed its holdings in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN - Free Report) by 97.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,296 shares of the company's stock after selling 1,410,363 shares during the period. Itau Unibanco Holding S.A.'s holdings in Cosan were worth $221,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. purchased a new position in Cosan in the fourth quarter valued at about $58,000. Mariner LLC boosted its holdings in shares of Cosan by 273.1% during the fourth quarter. Mariner LLC now owns 106,724 shares of the company's stock worth $581,000 after purchasing an additional 78,120 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cosan by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 145,404 shares of the company's stock valued at $791,000 after purchasing an additional 9,990 shares during the last quarter. Jane Street Group LLC purchased a new position in Cosan during the fourth quarter worth about $451,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Cosan during the 4th quarter valued at about $126,000.
Cosan Stock Performance
CSAN stock traded up $0.06 during midday trading on Friday, reaching $4.28. The company had a trading volume of 1,186,335 shares, compared to its average volume of 1,276,445. The firm has a market capitalization of $2.00 billion, a PE ratio of 3.24, a P/E/G ratio of 0.13 and a beta of 1.05. The stock has a 50 day moving average price of $4.44 and a 200 day moving average price of $5.02. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. Cosan S.A. Sponsored ADR has a fifty-two week low of $3.80 and a fifty-two week high of $10.12.
Cosan (NYSE:CSAN - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. Analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Cosan from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research lowered Cosan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, The Goldman Sachs Group reduced their price target on Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.00.
Check Out Our Latest Analysis on Cosan
About Cosan
(
Free Report)
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.
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