Cosan S.A. Sponsored ADR $CSAN Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in Cosan S.A. Sponsored ADR (NYSE:CSAN) by 79.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,306 shares of the company’s stock after purchasing an additional 21,818 shares during the period. Goldman Sachs Group Inc.’s holdings in Cosan were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in Cosan by 11.1% during the first quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock worth $481,000 after buying an additional 9,181 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after acquiring an additional 299,366 shares during the period. Royal Bank of Canada boosted its position in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock valued at $1,034,000 after acquiring an additional 197,987 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Cosan by 278.0% in the first quarter. Vident Advisory LLC now owns 51,156 shares of the company’s stock valued at $267,000 after purchasing an additional 37,624 shares during the period. Finally, FORA Capital LLC acquired a new stake in Cosan during the first quarter worth about $58,000.

Cosan Stock Down 0.8%

Shares of NYSE CSAN opened at $4.62 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is $4.57 and its two-hundred day moving average is $5.04. Cosan S.A. Sponsored ADR has a 52-week low of $3.80 and a 52-week high of $10.12. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 3.50, a PEG ratio of 0.32 and a beta of 1.05.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. The firm 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%. Research analysts predict that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CSAN shares. Hsbc Global Res upgraded shares of Cosan to a “moderate sell” rating in a report on Monday, September 22nd. Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. HSBC reiterated a “reduce” rating and issued a $4.40 price objective on shares of Cosan in a research report on Monday, September 22nd. The Goldman Sachs Group reduced their target price on Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 27th. Finally, Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently 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.