Cosan (NYSE:CSAN) Shares Gap Down – Here’s What Happened

Cosan S.A. (NYSE:CSAN) gapped down prior to trading on Thursday . The stock had previously closed at $5.44, but opened at $5.28. Cosan shares last traded at $5.34, with a volume of 452,608 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSAN shares. UBS Group raised shares of Cosan to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup reaffirmed a “buy” rating and issued a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Cosan Trading Down 1.5 %

The business has a 50 day simple moving average of $6.96 and a 200 day simple moving average of $8.63. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 4.12, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently bought and sold shares of CSAN. SPX Gestao de Recursos Ltda grew its holdings in shares of Cosan by 113.2% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after acquiring an additional 34,798 shares in the last quarter. Virtu Financial LLC bought a new stake in Cosan in the 3rd quarter valued at $118,000. Itau Unibanco Holding S.A. raised its stake in Cosan by 142,193.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Cosan in the third quarter valued at approximately $286,000. Finally, FMR LLC increased its position in shares of Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after purchasing an additional 5,775 shares during the period.

Cosan Company 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.