Cosan (NYSE:CSAN) Cut to Sell at Wall Street Zen

Cosan (NYSE:CSAN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Cosan Trading Up 1.2%

Shares of NYSE:CSAN traded up $0.07 during trading on Friday, reaching $5.80. The stock had a trading volume of 1,560,218 shares, compared to its average volume of 883,709. The firm's fifty day moving average is $5.25 and its 200 day moving average is $5.59. 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 has a 52 week low of $4.31 and a 52 week high of $10.99. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 4.39, a P/E/G ratio of 3.94 and a beta of 1.13.

Cosan (NYSE:CSAN - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.64). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $7.17 billion. As a group, equities analysts forecast that Cosan will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CSAN. Citadel Advisors LLC boosted its stake in Cosan by 1,204.6% during the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock worth $2,710,000 after acquiring an additional 459,995 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of 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 purchasing an additional 393,784 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Cosan by 28.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock worth $7,670,000 after purchasing an additional 320,000 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Cosan by 3,995.3% in the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company's stock worth $1,602,000 after purchasing an additional 299,366 shares in the last quarter. Finally, Moon Capital Management LP increased its stake in shares of Cosan by 32.5% in the fourth quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock worth $6,621,000 after purchasing an additional 298,593 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.