SPX Gestao de Recursos Ltda Has $627,000 Stake in Cosan S.A. (NYSE:CSAN)

SPX Gestao de Recursos Ltda lifted its position in Cosan S.A. (NYSE:CSAN) by 113.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,543 shares of the company’s stock after buying an additional 34,798 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Cosan were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new stake in Cosan in the 2nd quarter worth $26,000. Blue Trust Inc. increased 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 valued at $44,000 after purchasing an additional 3,059 shares during the period. US Bancorp DE raised its stake in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after purchasing an additional 4,646 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Cosan during the third quarter worth $97,000. Finally, FMR LLC increased its holdings in Cosan by 114.3% in the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after buying an additional 5,775 shares during the period.

Analyst Upgrades and Downgrades

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

Cosan Price Performance

Shares of CSAN stock traded down $0.17 during trading hours on Friday, hitting $5.95. The company had a trading volume of 203,387 shares, compared to its average volume of 473,359. Cosan S.A. has a 12 month low of $5.94 and a 12 month high of $16.45. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 6.63 and a beta of 1.35. The firm’s fifty day moving average is $7.84 and its 200 day moving average is $9.08. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86.

Cosan 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.