Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume – Should You Buy?

Cosan S.A. (NYSE:CSAN) saw an uptick in trading volume on Wednesday . 1,481,057 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 466,083 shares.The stock last traded at $6.56 and had previously closed at $6.35.

Analysts Set New Price Targets

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

Cosan Stock Down 3.5 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The firm has a market capitalization of $2.76 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The firm’s 50-day moving average is $7.84 and its 200 day moving average is $9.08.

Hedge Funds Weigh In On Cosan

Institutional investors have recently made changes to their positions in the stock. Redwood Wealth Management Group LLC purchased a new stake in shares of Cosan in the second quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after purchasing an additional 3,059 shares in the last quarter. US Bancorp DE boosted its position in Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after buying an additional 4,646 shares during the last quarter. Quantbot Technologies LP purchased a new position in Cosan in the third quarter valued at about $97,000. Finally, FMR LLC grew its position in shares of Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after buying an additional 5,775 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.