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

Millennium Management LLC increased its holdings in shares of Cosan S.A. (NYSE:CSAN - Free Report) by 142.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 364,718 shares of the company's stock after purchasing an additional 214,485 shares during the period. Millennium Management LLC owned 0.08% of Cosan worth $1,984,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in shares of Cosan by 33.3% during the fourth quarter. Quantbot Technologies LP now owns 13,495 shares of the company's stock worth $73,000 after acquiring an additional 3,373 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Cosan during the fourth quarter worth approximately $27,000. PNC Financial Services Group Inc. boosted its holdings in shares of Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock worth $53,000 after acquiring an additional 6,311 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cosan during the fourth quarter worth approximately $41,000. Finally, Blue Trust Inc. boosted its holdings in shares of Cosan by 180.2% during the fourth quarter. Blue Trust Inc. now owns 12,519 shares of the company's stock worth $68,000 after acquiring an additional 8,051 shares during the period.

Analyst Upgrades and Downgrades

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

Cosan Trading Down 1.8%

NYSE CSAN traded down $0.11 on Thursday, reaching $5.77. The company had a trading volume of 1,018,492 shares, compared to its average volume of 914,019. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 4.37, a P/E/G ratio of 3.94 and a beta of 1.15. Cosan S.A. has a fifty-two week low of $4.31 and a fifty-two week high of $10.64. The business has a 50 day moving average of $5.32 and a two-hundred day moving average of $5.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Cosan (NYSE:CSAN - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.65) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.64). The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $7.17 billion. Analysts forecast that Cosan S.A. will post 0.2 EPS 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.