Cosan (NYSE:CSAN) Shares Up 4.7% - What's Next?

Cosan S.A. (NYSE:CSAN - Get Free Report) shares were up 4.7% during mid-day trading on Monday . The company traded as high as $5.53 and last traded at $5.53. Approximately 151,465 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,060,990 shares. The stock had previously closed at $5.28.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSAN. UBS Group upgraded Cosan to a "strong-buy" rating in a research report on Friday, October 25th. Citigroup reiterated a "buy" rating and issued a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Cosan Stock Performance

The company has a market cap of $2.55 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 6.00 and a beta of 1.35. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average price of $6.51 and a two-hundred day moving average price of $8.40.

Hedge Funds Weigh In On Cosan

Hedge funds and other institutional investors have recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in Cosan during the 4th quarter worth about $78,000. SPX Gestao de Recursos Ltda lifted its holdings in 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 during the period. Virtu Financial LLC acquired a new position in Cosan during the 3rd quarter worth about $118,000. Itau Unibanco Holding S.A. lifted its stake 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. Finally, Centiva Capital LP acquired a new position in shares of Cosan in the 3rd quarter valued at about $286,000.

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.