Itau Unibanco Holding S.A. boosted its stake in shares of Cosan S.A. (NYSE:CSAN – Free Report) by 142,193.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,132,659 shares of the company’s stock after acquiring an additional 1,131,863 shares during the period. Itau Unibanco Holding S.A.’s holdings in Cosan were worth $10,828,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Centiva Capital LP bought a new position in Cosan during the 3rd quarter valued at $286,000. FMR LLC grew its holdings in Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after acquiring an additional 5,775 shares during the period. Quantbot Technologies LP bought a new position in shares of Cosan during the 3rd quarter valued at about $97,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Cosan in the 3rd quarter valued at about $228,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Cosan during the third quarter worth approximately $808,000.
Analyst Upgrades and Downgrades
Separately, UBS Group raised shares of Cosan to a “strong-buy” rating in a research note on Friday, October 25th.
Cosan Price Performance
CSAN opened at $6.57 on Tuesday. Cosan S.A. has a twelve month low of $6.23 and a twelve month high of $16.45. The firm has a 50 day moving average price of $8.40 and a 200-day moving average price of $9.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.
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.
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