Millennium Management LLC Purchases 214,485 Shares of Cosan S.A. (NYSE:CSAN)

Millennium Management LLC raised its position in Cosan S.A. (NYSE:CSAN - Free Report) by 142.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 364,718 shares of the company's stock after acquiring an additional 214,485 shares during the quarter. Millennium Management LLC owned approximately 0.08% of Cosan worth $1,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSAN. Laird Norton Wetherby Wealth Management LLC bought a new position in Cosan in the 4th quarter worth $87,000. Graham Capital Management L.P. grew its stake in shares of Cosan by 128.6% in the 4th quarter. Graham Capital Management L.P. now owns 72,931 shares of the company's stock worth $397,000 after buying an additional 41,031 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Cosan by 826.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock valued at $2,401,000 after acquiring an additional 393,784 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Cosan in the fourth quarter worth about $41,000. Finally, Citadel Advisors LLC lifted its position in Cosan by 1,204.6% in the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock valued at $2,710,000 after acquiring an additional 459,995 shares in the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Cosan from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

Cosan Stock Performance

NYSE:CSAN traded up $0.40 on Tuesday, hitting $6.06. The stock had a trading volume of 1,409,833 shares, compared to its average volume of 904,159. The business's 50-day simple moving average is $5.28 and its two-hundred day simple moving average is $5.52. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 4.59, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. Cosan S.A. has a 52-week low of $4.31 and a 52-week high of $10.64. 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 (NYSE:CSAN - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.65) EPS 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. As a group, research analysts predict that Cosan S.A. will post 0.2 earnings per share for the current year.

Cosan Company 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.