Cubist Systematic Strategies LLC Boosts Stake in Cosan S.A. Sponsored ADR $CSAN

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Cosan S.A., lifting its ownership by 3,995.3% to 306,859 shares worth approximately $1.60 million.
• In the first quarter, other institutional investors also made substantial investments in Cosan, with Royal Bank of Canada increasing its stake by 113,135.4% and Vident Advisory LLC boosting its position by 278.0%.
• Analyst ratings for Cosan have seen shifts, with Wall Street Zen upgrading the stock to a "hold" and Zacks Research downgrading it, leading to an average rating of "Moderate Buy" and a consensus target price of $12.00.

Cubist Systematic Strategies LLC increased its stake in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN - Free Report) by 3,995.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,859 shares of the company's stock after buying an additional 299,366 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.07% of Cosan worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in shares of Cosan during the fourth quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cosan by 7.4% in the 4th 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 in the last quarter. FORA Capital LLC purchased a new stake in Cosan in the 1st quarter valued at approximately $58,000. Finally, Cerity Partners LLC purchased a new stake in Cosan in the 1st quarter valued at approximately $69,000.

Cosan Price Performance

Shares of Cosan stock traded up $0.06 on Friday, hitting $5.53. The company's stock had a trading volume of 1,236,611 shares, compared to its average volume of 1,636,290. The company has a market capitalization of $2.58 billion, a P/E ratio of 4.19, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05. Cosan S.A. Sponsored ADR has a 52-week low of $3.80 and a 52-week high of $10.12. The firm has a fifty day moving average price of $4.45 and a 200-day moving average price of $5.01. 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 (NYSE:CSAN - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. On average, equities research analysts expect that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSAN shares. The Goldman Sachs Group lowered their price objective on Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, August 27th. Zacks Research lowered shares of Cosan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Cosan from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Cosan Company Profile

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.