Bank of America Corp DE cut its holdings in Cosan S.A. (NYSE:CSAN - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,413 shares of the company's stock after selling 84,605 shares during the quarter. Bank of America Corp DE owned 0.09% of Cosan worth $2,200,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in Cosan in the 4th quarter valued at approximately $27,000. Ameriprise Financial Inc. bought a new position in shares of Cosan during the 4th quarter valued at $126,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Cosan by 28.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock valued at $7,670,000 after buying an additional 320,000 shares during the period. Jane Street Group LLC bought a new position in shares of Cosan during the 4th quarter valued at $451,000. Finally, Moon Capital Management LP lifted its holdings in shares of 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 buying an additional 298,593 shares during the period.
Analyst Ratings Changes
Separately, Wall Street Zen cut Cosan from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.
Check Out Our Latest Research Report on CSAN
Cosan Stock Performance
Shares of NYSE CSAN traded down $0.17 during midday trading on Wednesday, hitting $5.88. 1,765,395 shares of the stock traded hands, compared to its average volume of 909,839. The firm has a 50-day moving average of $5.30 and a two-hundred day moving average of $5.52. The firm has a market capitalization of $2.75 billion, a P/E ratio of 4.45, a PEG ratio of 3.94 and a beta of 1.13. 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 S.A. has a one year low of $4.31 and a one year high of $10.64.
Cosan (NYSE:CSAN - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.64). The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $7.17 billion. On average, equities analysts forecast that Cosan S.A. will post 0.2 EPS for the current fiscal year.
Cosan Profile
(
Free Report)
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.
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