Cosan S.A. Sponsored ADR $CSAN Shares Sold by Walleye Capital LLC

Key Points

• Walleye Capital LLC reduced its stake in Cosan S.A. by 34.1%, bringing its total holdings to 170,534 shares valued at approximately $890,000.
• Cosan reported (-$0.36) EPS for the quarter with a revenue of $1.23 billion, significantly lower than analyst expectations of $7.12 billion.
• Analyst ratings for Cosan have been mixed, with Goldman Sachs lowering their price target from $6.60 to $5.00 and the consensus average price target standing at $12.00.

Walleye Capital LLC decreased its stake in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN - Free Report) by 34.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,534 shares of the company's stock after selling 88,319 shares during the quarter. Walleye Capital LLC's holdings in Cosan were worth $890,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Cosan in the fourth quarter valued at about $58,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cosan by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 145,404 shares of the company's stock worth $791,000 after acquiring an additional 9,990 shares during the last quarter. Jane Street Group LLC acquired a new stake in Cosan during the 4th quarter worth approximately $451,000. Ameriprise Financial Inc. acquired a new stake in Cosan during the 4th quarter worth approximately $126,000. Finally, BNP Paribas Financial Markets acquired a new stake in Cosan during the 4th quarter worth approximately $27,000.

Analyst Ratings Changes

CSAN has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 27th. Zacks Research downgraded 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 note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cosan currently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Cosan Trading Up 7.5%

CSAN stock traded up $0.37 on Thursday, hitting $5.24. 2,787,556 shares of the company were exchanged, compared to its average volume of 1,365,705. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. Cosan S.A. Sponsored ADR has a twelve month low of $3.80 and a twelve month high of $10.12. The business's fifty day moving average is $4.41 and its two-hundred day moving average is $5.01. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 3.97, a price-to-earnings-growth ratio of 0.13 and a beta of 1.05.

Cosan (NYSE:CSAN - Get Free Report) last released its quarterly earnings data 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 analysts' expectations 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, research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.

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.