Ballentine Partners LLC Purchases Shares of 12,599 Cosan S.A. Sponsored ADR $CSAN

Ballentine Partners LLC purchased a new stake in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,599 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also made changes to their positions in CSAN. Cubist Systematic Strategies LLC boosted its holdings in shares of Cosan by 3,995.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock valued at $1,602,000 after acquiring an additional 299,366 shares during the last quarter. Martin Currie Ltd. boosted its holdings in shares of Cosan by 20.1% in the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock valued at $7,512,000 after acquiring an additional 240,613 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Cosan by 113,135.4% in 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. Kapitalo Investimentos Ltda purchased a new stake in shares of Cosan in the 2nd quarter valued at $556,000. Finally, XTX Topco Ltd purchased a new stake in shares of Cosan in the 1st quarter valued at $262,000.

Cosan Stock Down 1.1%

Shares of Cosan stock opened at $4.61 on Wednesday. Cosan S.A. Sponsored ADR has a 52-week low of $3.80 and a 52-week high of $10.12. The company has a 50 day moving average of $4.59 and a 200 day moving average of $5.03. 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 company has a market capitalization of $2.15 billion, a P/E ratio of 3.49, a P/E/G ratio of 0.32 and a beta of 1.05.

Cosan (NYSE:CSAN) last issued its quarterly earnings results 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $7.12 billion. As a group, research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

CSAN has been the topic of several recent research reports. Wall Street Zen raised shares of Cosan from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. The Goldman Sachs Group dropped their price objective on shares of Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, August 27th. HSBC reissued a “reduce” rating and set a $4.40 price target on shares of Cosan in a report on Monday, September 22nd. Hsbc Global Res raised shares of Cosan to a “moderate sell” rating in a report on Monday, September 22nd. Finally, Zacks Research downgraded shares of Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.47.

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.