PNC Financial Services Group Inc. Sells 3,440 Shares of Cosan S.A. Sponsored ADR $CSAN

PNC Financial Services Group Inc. cut its position in Cosan S.A. Sponsored ADR (NYSE:CSAN) by 35.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,350 shares of the company’s stock after selling 3,440 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cosan were worth $33,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CSAN. Invesco Ltd. bought a new position in Cosan in the fourth quarter valued at about $58,000. Mariner LLC raised its position in 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 purchasing an additional 78,120 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cosan by 7.4% in the fourth 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 last quarter. Moon Capital Management LP raised its position in Cosan by 32.5% in the fourth 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 last quarter. Finally, Jane Street Group LLC bought a new position in Cosan in the fourth quarter valued at about $451,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of $19.00.

Cosan Price Performance

Shares of CSAN opened at $3.9750 on Friday. Cosan S.A. Sponsored ADR has a 1 year low of $3.80 and a 1 year high of $10.27. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 3.01, a price-to-earnings-growth ratio of 0.12 and a beta of 0.98. The business has a 50-day moving average of $4.60 and a 200-day moving average of $5.06.

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

Cosan 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.