Kapitalo Investimentos Ltda Acquires New Holdings in Cosan S.A. Sponsored ADR $CSAN

Key Points

• Kapitalo Investimentos Ltda has acquired 110,092 shares of Cosan S.A. Sponsored ADR (CSAN), valued at approximately $556,000, marking a new position for the firm in the company's stock.
• Cosan's recent earnings report showed a loss with a significant negative net margin of 28.08% and a revenue of $1.23 billion, falling short of the consensus estimate of $7.12 billion.
• Equities analysts have mixed ratings on Cosan, with Goldman Sachs lowering the price target from $6.60 to $5.00, while the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Kapitalo Investimentos Ltda acquired a new position in Cosan S.A. Sponsored ADR (NYSE:CSAN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,092 shares of the company's stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Cosan in the 4th quarter worth about $451,000. Ameriprise Financial Inc. bought a new position in shares of Cosan during the 4th quarter valued at about $126,000. BNP Paribas Financial Markets purchased a new position in shares of Cosan in the 4th quarter worth $27,000. Millennium Management LLC lifted its stake in Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company's stock worth $1,984,000 after purchasing an additional 214,485 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Cosan during the fourth quarter valued at approximately $149,000.

Cosan Price Performance

Shares of NYSE CSAN traded down $1.04 during midday trading on Monday, reaching $4.63. 12,486,030 shares of the company traded hands, compared to its average volume of 1,646,814. The stock's 50-day simple moving average is $4.54 and its 200-day simple moving average is $5.05. The firm has a market cap of $2.16 billion, a PE ratio of 3.50, a PEG ratio of 0.38 and a beta of 1.05. Cosan S.A. Sponsored ADR has a 12 month low of $3.80 and a 12 month high of $10.12. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CSAN. Wall Street Zen raised shares of Cosan from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research cut shares of Cosan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. HSBC restated a "reduce" rating and set a $4.40 target price on shares of Cosan in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on Cosan from $6.60 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Cosan has a consensus rating of "Hold" and a consensus target price of $9.47.

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.