Renaissance Technologies LLC lowered its position in Cosan S.A. (NYSE:CSAN - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,282,782 shares of the company's stock after selling 315,300 shares during the period. Renaissance Technologies LLC owned 0.92% of Cosan worth $23,298,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Cosan in the fourth quarter worth $510,000. FMR LLC increased its stake in Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company's stock valued at $104,000 after purchasing an additional 5,775 shares in the last quarter. Caprock Group LLC purchased a new position in Cosan in the fourth quarter worth about $61,000. PNC Financial Services Group Inc. lifted its holdings in Cosan by 181.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock valued at $53,000 after acquiring an additional 6,311 shares during the period. Finally, Quantbot Technologies LP boosted its position in Cosan by 33.3% in the fourth quarter. Quantbot Technologies LP now owns 13,495 shares of the company's stock worth $73,000 after purchasing an additional 3,373 shares during the last quarter.
Analysts Set New Price Targets
Separately, Citigroup restated a "buy" rating and issued a $19.00 price objective on shares of Cosan in a research note on Monday, December 23rd.
Get Our Latest Stock Analysis on CSAN
Cosan Stock Performance
Shares of NYSE:CSAN traded up $0.03 during mid-day trading on Wednesday, reaching $4.76. 1,150,346 shares of the company traded hands, compared to its average volume of 768,524. Cosan S.A. has a 52 week low of $4.31 and a 52 week high of $11.75. The firm has a market cap of $2.22 billion, a PE ratio of 3.61, a PEG ratio of 3.94 and a beta of 1.11. The company's 50 day moving average price is $5.09 and its 200-day moving average price is $6.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.
About Cosan
(
Free Report)
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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