Cosan (NYSE:CSAN) Stock Price Up 4.1% – Here’s Why

by · The Cerbat Gem

Shares of Cosan S.A. (NYSE:CSAN – Get Free Report) rose 4.1% during trading on Thursday . The stock traded as high as $4.99 and last traded at $5.00. Approximately 434,507 shares traded hands during trading, a decline of 60% from the average daily volume of 1,093,743 shares. The stock had previously closed at $4.80.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating and set a $19.00 target price on shares of Cosan in a report on Monday, December 23rd.

Read Our Latest Research Report on CSAN

Cosan Stock Up 3.0 %

The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 3.75, a P/E/G ratio of 3.94 and a beta of 1.33. The stock’s fifty day moving average price is $5.23 and its 200-day moving average price is $7.04.

Institutional Trading of Cosan

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. raised its holdings in shares of Cosan by 28.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company’s stock valued at $7,670,000 after purchasing an additional 320,000 shares during the last quarter. Moon Capital Management LP raised its holdings in shares of 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. Citadel Advisors LLC raised its holdings in shares of Cosan by 1,204.6% in the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock valued at $2,710,000 after purchasing an additional 459,995 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Cosan by 826.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock valued at $2,401,000 after purchasing an additional 393,784 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock valued at $1,984,000 after purchasing an additional 214,485 shares during the last quarter.

About Cosan

(Get Free Report)

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.

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