Cosan (NYSE:CSAN) Shares Down 5.1% - Here's What Happened

Cosan S.A. (NYSE:CSAN - Get Free Report) was down 5.1% during mid-day trading on Tuesday . The company traded as low as $4.51 and last traded at $4.53. Approximately 712,930 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 728,246 shares. The stock had previously closed at $4.77.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a "buy" rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Cosan Price Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The business has a 50 day moving average price of $5.11 and a 200-day moving average price of $6.34. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 3.63, a P/E/G ratio of 3.94 and a beta of 1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its holdings in shares of Cosan by 1,204.6% during the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock valued at $2,710,000 after purchasing an additional 459,995 shares during the period. D. E. Shaw & Co. Inc. increased its position in Cosan by 826.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock valued at $2,401,000 after buying an additional 393,784 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Cosan by 28.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock worth $7,670,000 after acquiring an additional 320,000 shares in the last quarter. Moon Capital Management LP boosted its holdings in Cosan by 32.5% in the fourth quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock worth $6,621,000 after acquiring an additional 298,593 shares in the last quarter. Finally, Naman Capital Ltda bought a new stake in shares of Cosan during the fourth quarter valued at approximately $1,479,000.

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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.