Cosan S.A. Sponsored ADR $CSAN Stake Lowered by Aquamarine Financial Cayman Ltd

Aquamarine Financial Cayman Ltd lessened its holdings in shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,096,904 shares of the company’s stock after selling 144,149 shares during the period. Cosan accounts for approximately 0.7% of Aquamarine Financial Cayman Ltd’s investment portfolio, making the stock its 8th biggest holding. Aquamarine Financial Cayman Ltd owned approximately 0.45% of Cosan worth $8,283,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tuttle Capital Management LLC purchased a new position in Cosan in the fourth quarter valued at approximately $51,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cosan by 40.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock worth $58,000 after purchasing an additional 4,255 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of Cosan during the 3rd quarter worth approximately $69,000. Russell Investments Group Ltd. acquired a new position in shares of Cosan in the 2nd quarter valued at $109,000. Finally, PharVision Advisers LLC acquired a new position in shares of Cosan in the 3rd quarter valued at $157,000.

Cosan Price Performance

CSAN stock opened at $4.05 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $4.01 billion, a P/E ratio of -1.44 and a beta of 0.89. The business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $4.43. Cosan S.A. Sponsored ADR has a twelve month low of $3.71 and a twelve month high of $6.25.

Cosan (NYSE:CSAN) last announced its earnings results on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The business had revenue of $1.74 billion during the quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on CSAN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Cosan from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $4.75.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.