Cosan (NYSE:CSAN) Shares Gap Down – Here’s What Happened

Cosan S.A. (NYSE:CSAN)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.31, but opened at $5.07. Cosan shares last traded at $5.01, with a volume of 180,114 shares trading hands.

Wall Street Analyst Weigh In

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

Cosan Stock Down 4.4 %

The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $5.56 and a 200 day moving average of $7.70.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in Cosan by 33.3% in the fourth quarter. Quantbot Technologies LP now owns 13,495 shares of the company’s stock valued at $73,000 after purchasing an additional 3,373 shares in the last quarter. PDS Planning Inc bought a new stake in Cosan during the 4th quarter worth about $58,000. Signaturefd LLC grew its holdings in shares of Cosan by 329.3% in the 4th quarter. Signaturefd LLC now owns 40,741 shares of the company’s stock valued at $222,000 after acquiring an additional 31,250 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Cosan during the 4th quarter worth approximately $125,000. Finally, PNC Financial Services Group Inc. raised its position in Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after acquiring an additional 6,311 shares in 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.