Martin Currie Ltd. Cuts Position in Cosan S.A. (NYSE:CSAN)

Martin Currie Ltd. reduced its position in Cosan S.A. (NYSE:CSAN) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,198,508 shares of the company’s stock after selling 245,283 shares during the period. Martin Currie Ltd. owned approximately 0.26% of Cosan worth $6,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Cosan in the third quarter valued at approximately $228,000. Quantbot Technologies LP purchased a new position in shares of Cosan in the 3rd quarter valued at $97,000. FMR LLC raised 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 acquiring an additional 5,775 shares during the period. Centiva Capital LP acquired a new position in shares of Cosan during the 3rd quarter valued at $286,000. Finally, Itau Unibanco Holding S.A. boosted its position in Cosan by 142,193.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares during the period.

Analysts Set New Price Targets

Separately, Citigroup restated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research note on Monday, December 23rd.

Cosan Stock Down 1.2 %

NYSE CSAN opened at $5.38 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. Cosan S.A. has a fifty-two week low of $4.54 and a fifty-two week high of $12.94. The business has a 50 day moving average price of $5.21 and a two-hundred day moving average price of $6.69. The stock has a market cap of $2.51 billion, a PE ratio of 4.07, a P/E/G ratio of 3.94 and a beta of 1.33.

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.