Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Cosan S.A. (NYSE:CSAN) saw unusually-high trading volume on Thursday . Approximately 2,046,911 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 1,094,747 shares.The stock last traded at $5.51 and had previously closed at $5.18.

Wall Street Analyst Weigh In

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

Cosan Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The firm has a 50 day simple moving average of $5.89 and a 200-day simple moving average of $8.01.

Institutional Trading of Cosan

Institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. increased its position in shares of Cosan by 142,193.8% in the third 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 during the period. Dimensional Fund Advisors LP increased its stake in Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after acquiring an additional 88,064 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Cosan in the 3rd quarter valued at $808,000. SPX Gestao de Recursos Ltda raised its holdings in shares of Cosan by 113.2% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock worth $627,000 after buying an additional 34,798 shares in the last quarter. Finally, Creative Planning grew its position in Cosan by 4.8% in the third quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after acquiring an additional 2,621 shares during the last quarter.

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.