Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume

Cosan S.A. (NYSE:CSAN) saw unusually-high trading volume on Monday . Approximately 250,679 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 320,571 shares.The stock last traded at $11.46 and had previously closed at $11.56.

Cosan Stock Up 0.3 %

The firm has a 50 day moving average price of $12.34 and a 200 day moving average price of $13.87.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Martin Currie Ltd. increased its stake in shares of Cosan by 6.5% in the 3rd quarter. Martin Currie Ltd. now owns 2,722,425 shares of the company’s stock worth $36,998,000 after purchasing an additional 166,456 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in Cosan by 251.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 398,619 shares of the company’s stock worth $5,417,000 after buying an additional 285,241 shares in the last quarter. Optiver Holding B.V. increased its stake in Cosan by 10.7% in the 4th quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock worth $5,702,000 after buying an additional 35,232 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Cosan in the 1st quarter worth $1,036,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Cosan in the 4th quarter worth $635,000.

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.