Cosan (NYSE:CSAN) Hits New 52-Week Low – Here’s Why

Cosan S.A. (NYSE:CSAN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.39 and last traded at $4.42, with a volume of 2843569 shares trading hands. The stock had previously closed at $4.77.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating and set a $19.00 target price on shares of Cosan in a report on Monday, December 23rd.

Cosan Trading Down 7.4 %

The stock has a market cap of $2.06 billion, a P/E ratio of 3.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. The firm’s 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $6.44. 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 Investors Weigh In On Cosan

Institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. boosted its stake in Cosan by 28.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company’s stock valued at $7,670,000 after acquiring an additional 320,000 shares during the period. Moon Capital Management LP boosted its position in Cosan by 32.5% during the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company’s stock valued at $6,621,000 after purchasing an additional 298,593 shares during the period. Citadel Advisors LLC grew its stake in Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock worth $2,710,000 after buying an additional 459,995 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Cosan by 826.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock worth $2,401,000 after buying an additional 393,784 shares during the period. Finally, Millennium Management LLC lifted its stake in Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock valued at $1,984,000 after buying an additional 214,485 shares during 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.