Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume – Still a Buy?

Cosan S.A. (NYSE:CSAN) shares saw strong trading volume on Thursday . 2,046,911 shares changed hands during trading, an increase of 87% from the previous session’s volume of 1,094,747 shares.The stock last traded at $5.51 and had previously closed at $5.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSAN shares. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a report on Friday, October 25th. Citigroup reissued a “buy” rating and set a $19.00 target price on shares of Cosan in a report on Monday, December 23rd.

Cosan Trading Down 3.5 %

The business has a 50 day moving average price of $5.81 and a 200 day moving average price of $7.96. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Cosan by 339.5% during the 2nd 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 during the last quarter. FMR LLC lifted its position 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 acquiring an additional 5,775 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Cosan in the third quarter worth approximately $808,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cosan in the third quarter worth approximately $228,000. Finally, Creative Planning increased its position in shares of Cosan by 4.8% during the third quarter. Creative Planning now owns 57,692 shares of the company’s stock worth $552,000 after purchasing an additional 2,621 shares in the last quarter.

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.