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

Other institutional investors also recently bought and sold shares of the company. Citadel Advisors LLC grew its stake in Cosan by 1,204.6% during the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock valued at $2,710,000 after acquiring an additional 459,995 shares in the last quarter. Millennium Management LLC grew its stake in Cosan by 142.8% during the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after acquiring an additional 214,485 shares in the last quarter. Jane Street Group LLC purchased a new position in Cosan during the fourth quarter valued at $451,000. Mariner LLC grew its stake in Cosan by 273.1% during the fourth quarter. Mariner LLC now owns 106,724 shares of the company's stock valued at $581,000 after acquiring an additional 78,120 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in Cosan during the fourth quarter valued at $58,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Cosan from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus price target of $19.00.

Cosan Price Performance

Shares of NYSE:CSAN traded down $0.0450 on Wednesday, reaching $3.8750. The company's stock had a trading volume of 1,338,535 shares, compared to its average volume of 1,363,532. Cosan S.A. Sponsored ADR has a 52-week low of $3.85 and a 52-week high of $10.34. The company has a market cap of $1.81 billion, a P/E ratio of 2.94, a PEG ratio of 0.12 and a beta of 0.98. The company has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $5.08. 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 during 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 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.