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

Cosan S.A. (NYSE:CSAN)’s share price rose 4.1% during mid-day trading on Thursday . The company 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 Analyst Weigh In

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

Cosan Stock Up 3.0 %

The company has a market cap of $2.31 billion, a P/E ratio of 3.75, a price-to-earnings-growth ratio of 3.94 and a beta of 1.33. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average price is $5.23 and its 200-day moving average price is $7.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. boosted its stake in Cosan by 28.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company’s stock worth $7,670,000 after acquiring an additional 320,000 shares during the last quarter. Moon Capital Management LP boosted its stake in Cosan by 32.5% during the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company’s stock worth $6,621,000 after acquiring an additional 298,593 shares during the last quarter. Citadel Advisors LLC boosted its stake in Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock worth $2,710,000 after acquiring an additional 459,995 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Cosan by 826.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock worth $2,401,000 after acquiring an additional 393,784 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Cosan by 142.8% during the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after acquiring an additional 214,485 shares during the last quarter.

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.