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

Cosan S.A. (NYSE:CSAN) gapped up before the market opened on Monday . The stock had previously closed at $5.14, but opened at $5.33. Cosan shares last traded at $5.33, with a volume of 120,851 shares trading hands.

Wall Street Analyst Weigh In

CSAN has been the subject of a number of recent research reports. UBS Group raised Cosan to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup restated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Cosan Stock Up 3.0 %

The firm has a 50 day moving average price of $6.03 and a 200-day moving average price of $8.10. 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 has a market cap of $2.47 billion, a PE ratio of 3.84, a PEG ratio of 3.90 and a beta of 1.35.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently made changes to their positions in CSAN. Itau Unibanco Holding S.A. boosted its position in shares of 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 valued at $10,828,000 after purchasing an additional 1,131,863 shares during the period. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after purchasing an additional 88,064 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Cosan during the 3rd quarter worth $808,000. Creative Planning grew its position in Cosan by 187.1% during the 2nd quarter. Creative Planning now owns 55,071 shares of the company’s stock worth $536,000 after purchasing an additional 35,892 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda increased its stake in Cosan by 113.2% in the third quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after purchasing an additional 34,798 shares during the period.

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.