Cosan (NYSE:CSAN) Sees Large Volume Increase – Here’s Why

Cosan S.A. (NYSE:CSAN) saw an uptick in trading volume on Wednesday . 1,481,057 shares traded hands during mid-day trading, an increase of 218% from the previous session’s volume of 466,083 shares.The stock last traded at $6.56 and had previously closed at $6.35.

Analysts Set New Price Targets

Separately, UBS Group raised Cosan to a “strong-buy” rating in a research note on Friday, October 25th.

Cosan Stock Up 2.8 %

The stock’s fifty day moving average price is $7.98 and its 200-day moving average price is $9.11. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31.

Hedge Funds Weigh In On Cosan

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its holdings in shares of Cosan by 4.8% during the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock worth $552,000 after buying an additional 2,621 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in Cosan during the second quarter worth $26,000. Blue Trust Inc. increased its stake in Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after acquiring an additional 3,059 shares during the last quarter. US Bancorp DE raised its position in Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after purchasing an additional 4,646 shares during the period. Finally, FMR LLC lifted its stake in shares of Cosan by 114.3% in 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 during the last quarter.

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.