Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Cosan S.A. (NYSE:CSAN) saw unusually-high trading volume on Thursday . Approximately 2,046,911 shares changed hands during 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 Analysts Forecast Growth

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

Cosan Stock Down 3.5 %

The stock’s fifty day simple moving average is $5.81 and its 200 day simple moving average is $7.96. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Cosan by 339.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after buying an additional 88,064 shares in the last quarter. Creative Planning increased its holdings in shares of Cosan by 187.1% during the second quarter. Creative Planning now owns 55,071 shares of the company’s stock valued at $536,000 after acquiring an additional 35,892 shares in the last quarter. Blue Trust Inc. raised its position in shares of Cosan by 217.1% in the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after purchasing an additional 3,059 shares during the last quarter. US Bancorp DE boosted its stake in Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after purchasing an additional 4,646 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cosan during the 3rd quarter valued at approximately $808,000.

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.