Cosan (NYSE:CSAN) Sees Large Volume Increase – What’s Next?

Cosan S.A. (NYSE:CSAN) saw strong 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.

Analyst Ratings Changes

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

Cosan Trading Up 2.8 %

The stock’s fifty day moving average price is $7.98 and its two-hundred day moving average price is $9.11. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Institutional Trading of Cosan

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in shares of Cosan by 2.1% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cosan by 339.5% during the second 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. Signaturefd LLC grew its stake in Cosan by 2,736.9% during the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after purchasing an additional 11,495 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Cosan in the 3rd quarter worth about $808,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Cosan during the third quarter worth $228,000.

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.