Martin Currie Ltd. Has $7.51 Million Holdings in Cosan S.A. Sponsored ADR (NYSE:CSAN)

Key Points

• Martin Currie Ltd. increased its holdings in Cosan S.A. Sponsored ADR by 20.1%, owning approximately 1.44 million shares worth $7.51 million as of the first quarter.
• Cosan's stock has experienced a decline of 6.7% recently, with a current trading price of $4.00 and a significant miss in quarterly earnings, reporting a loss of ($0.65) per share.
• Wall Street Zen has downgraded Cosan's rating from "hold" to "sell", reflecting bearish sentiment among analysts following disappointing financial results.

Martin Currie Ltd. boosted its holdings in Cosan S.A. Sponsored ADR (NYSE:CSAN - Free Report) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,439,121 shares of the company's stock after buying an additional 240,613 shares during the quarter. Martin Currie Ltd. owned approximately 0.31% of Cosan worth $7,512,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in Cosan in the fourth quarter valued at approximately $58,000. Mariner LLC raised its stake in shares of Cosan by 273.1% in the fourth quarter. Mariner LLC now owns 106,724 shares of the company's stock valued at $581,000 after buying an additional 78,120 shares during the period. Walleye Capital LLC bought a new stake in shares of Cosan during the 4th quarter valued at $1,408,000. Dimensional Fund Advisors LP raised its stake in shares of Cosan by 7.4% during 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 during the period. Finally, Moon Capital Management LP raised its stake in shares of Cosan by 32.5% during the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock valued at $6,621,000 after purchasing an additional 298,593 shares during the period.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Cosan from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

Cosan Stock Down 6.7%

Shares of NYSE:CSAN opened at $4.00 on Friday. The stock has a 50 day moving average price of $4.83 and a 200-day moving average price of $5.12. 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 S.A. Sponsored ADR has a 52-week low of $3.93 and a 52-week high of $10.36. The firm has a market capitalization of $1.87 billion, a P/E ratio of 3.03, a P/E/G ratio of 0.13 and a beta of 0.98.

Cosan (NYSE:CSAN - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.64). The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $7.17 billion. Cosan had a negative return on equity of 24.39% and a negative net margin of 25.77%. As a group, equities research analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.