Cosan (NYSE:CSAN) Hits New 1-Year Low – Here’s What Happened

Cosan S.A. (NYSE:CSAN) hit a new 52-week low during trading on Monday . The stock traded as low as $7.69 and last traded at $7.76, with a volume of 442921 shares trading hands. The stock had previously closed at $7.86.

Analyst Ratings Changes

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

Cosan Stock Performance

The company’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $9.56. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in shares of Cosan by 2.1% in the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after acquiring an additional 100,700 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of 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 in the last quarter. Herr Investment Group LLC bought a new position in shares of Cosan during the second quarter worth approximately $2,192,000. Dimensional Fund Advisors LP boosted its stake in shares of Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after buying an additional 88,064 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cosan during the 3rd quarter worth $808,000.

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.