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

Cosan S.A. (NYSE:CSAN) reached a new 52-week low on Friday . The company traded as low as $4.97 and last traded at $4.98, with a volume of 816135 shares traded. The stock had previously closed at $5.38.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSAN shares. Citigroup restated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd. UBS Group raised Cosan to a “strong-buy” rating in a research note on Friday, October 25th.

Cosan Price Performance

The company’s 50-day simple moving average is $5.64 and its 200 day simple moving average is $7.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86.

Hedge Funds Weigh In On Cosan

Institutional investors and hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. increased its position in Cosan by 142,193.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock valued at $10,828,000 after acquiring an additional 1,131,863 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after purchasing an additional 88,064 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Cosan during the fourth quarter valued at approximately $510,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Cosan during the third quarter valued at approximately $808,000. Finally, SPX Gestao de Recursos Ltda grew its stake in shares of Cosan by 113.2% during the third quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after buying an additional 34,798 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.