Cosan S.A. (NYSE:CSAN) Shares Purchased by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda raised its holdings in Cosan S.A. (NYSE:CSAN) by 113.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,543 shares of the company’s stock after buying an additional 34,798 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Cosan were worth $627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after acquiring an additional 11,495 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in Cosan during the second quarter worth about $26,000. Dimensional Fund Advisors LP increased its position in Cosan by 339.5% during 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of Cosan by 2.1% during the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after purchasing an additional 100,700 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Cosan in the second quarter worth $115,000.

Cosan Price Performance

Cosan stock traded down $0.17 during midday trading on Friday, hitting $5.95. The company’s stock had a trading volume of 203,387 shares, compared to its average volume of 473,359. The stock’s 50-day moving average price is $7.84 and its 200-day moving average price is $9.08. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $2.78 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. Cosan S.A. has a 12 month low of $5.94 and a 12 month high of $16.45.

Wall Street Analyst Weigh In

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

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.