Cosan (NYSE:CSAN) Shares Gap Up – What’s Next?

Cosan S.A. (NYSE:CSAN)’s share price gapped up before the market opened 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.

Wall Street Analyst Weigh In

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

Cosan Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The business has a fifty day moving average of $6.40 and a 200 day moving average of $8.35.

Hedge Funds Weigh In On Cosan

A number of hedge funds have recently made changes to their positions in the stock. Sivia Capital Partners LLC acquired a new stake in shares of Cosan in the fourth quarter valued at $78,000. SPX Gestao de Recursos Ltda boosted its holdings in Cosan by 113.2% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after acquiring an additional 34,798 shares during the period. Virtu Financial LLC acquired a new position in Cosan in the 3rd quarter valued at about $118,000. Itau Unibanco Holding S.A. increased its stake in Cosan by 142,193.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Cosan during the third quarter worth about $286,000.

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.