Cosan (NYSE:CSAN) Trading Down 6%

Cosan S.A. (NYSE:CSAN) shares fell 6% during mid-day trading on Friday . The stock traded as low as $8.99 and last traded at $8.99. 321,138 shares traded hands during trading, a decline of 18% from the average session volume of 392,364 shares. The stock had previously closed at $9.56.

Cosan Price Performance

The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.75 and a beta of 1.41. The company’s fifty day moving average price is $9.70 and its 200-day moving average price is $10.71.

Cosan (NYSE:CSAN) last released its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion during the quarter. On average, sell-side analysts forecast that Cosan S.A. will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

A number of institutional investors have recently modified their holdings of CSAN. SPX Gestao de Recursos Ltda acquired a new position in shares of Cosan in the fourth quarter worth about $76,000. Optiver Holding B.V. increased its position in shares of Cosan by 10.7% in the fourth quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock valued at $5,702,000 after buying an additional 35,232 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Cosan during the 4th quarter worth approximately $635,000. Banque Cantonale Vaudoise purchased a new position in shares of Cosan during the 1st quarter valued at approximately $1,036,000. Finally, Signaturefd LLC grew its stake in Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after acquiring an additional 11,495 shares during the period.

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.