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

Shares of Cosan S.A. (NYSE:CSAN) gapped up prior to trading on Thursday . The stock had previously closed at $5.76, but opened at $6.00. Cosan shares last traded at $5.86, with a volume of 152,028 shares changing hands.

Analyst Ratings Changes

CSAN has been the topic of several research reports. Citigroup reissued a “buy” rating and issued a $19.00 target price on shares of Cosan in a research report on Monday, December 23rd. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Cosan Price Performance

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 fifty day simple moving average of $6.30 and a 200-day simple moving average of $8.30.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CSAN. Creative Planning lifted its holdings in shares of Cosan by 4.8% in the third quarter. Creative Planning now owns 57,692 shares of the company’s stock worth $552,000 after buying an additional 2,621 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after acquiring an additional 3,059 shares during the last quarter. US Bancorp DE grew its holdings in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after purchasing an additional 4,646 shares during the last quarter. FMR LLC boosted its holdings in shares of Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after purchasing an additional 5,775 shares during the period. Finally, Quantbot Technologies LP bought a new position in Cosan in the third quarter worth approximately $97,000.

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.