Renaissance Technologies LLC Sells 315,300 Shares of Cosan S.A. (NYSE:CSAN)

Renaissance Technologies LLC reduced its stake in shares of Cosan S.A. (NYSE:CSAN - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,282,782 shares of the company's stock after selling 315,300 shares during the quarter. Renaissance Technologies LLC owned about 0.92% of Cosan worth $23,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP boosted its position in Cosan by 33.3% in the 4th quarter. Quantbot Technologies LP now owns 13,495 shares of the company's stock valued at $73,000 after buying an additional 3,373 shares during the last quarter. FMR LLC increased its position in Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company's stock worth $104,000 after purchasing an additional 5,775 shares during the period. PNC Financial Services Group Inc. raised its holdings in Cosan by 181.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock worth $53,000 after purchasing an additional 6,311 shares during the last quarter. Blue Trust Inc. lifted its position in Cosan by 180.2% during the 4th quarter. Blue Trust Inc. now owns 12,519 shares of the company's stock valued at $68,000 after purchasing an additional 8,051 shares during the period. Finally, Invesco Ltd. bought a new position in shares of Cosan in the 4th quarter valued at about $58,000.

Cosan Trading Up 3.3 %

NYSE CSAN traded up $0.16 on Friday, reaching $4.91. The company had a trading volume of 1,296,954 shares, compared to its average volume of 771,578. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. Cosan S.A. has a 52 week low of $4.31 and a 52 week high of $11.75. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 3.72, a PEG ratio of 3.94 and a beta of 1.11. The stock's 50 day moving average is $5.08 and its 200-day moving average is $6.23.

Wall Street Analyst Weigh In

Separately, Citigroup restated a "buy" rating and issued a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd.

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.