Point72 Asset Management L.P. Invests $1.05 Million in Cosan S.A. (NYSE:CSAN)

Point72 Asset Management L.P. purchased a new stake in Cosan S.A. (NYSE:CSAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 193,700 shares of the company's stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CSAN. Itau Unibanco Holding S.A. increased its position in Cosan by 28.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock worth $7,670,000 after acquiring an additional 320,000 shares during the period. Moon Capital Management LP boosted its holdings in Cosan by 32.5% in the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock valued at $6,621,000 after purchasing an additional 298,593 shares during the period. Citadel Advisors LLC boosted its holdings 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 purchasing an additional 459,995 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Cosan by 826.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock valued at $2,401,000 after purchasing an additional 393,784 shares during the period. Finally, Millennium Management LLC boosted its holdings in Cosan by 142.8% in the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after purchasing an additional 214,485 shares during the period.

Cosan Stock Performance

NYSE CSAN traded up $0.23 during trading on Friday, reaching $5.73. The company's stock had a trading volume of 2,842,563 shares, compared to its average volume of 880,992. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 4.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. Cosan S.A. has a 12 month low of $4.31 and a 12 month high of $10.99. The firm has a 50 day moving average price of $5.25 and a 200 day moving average price of $5.65.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Cosan from a "hold" rating to a "sell" rating in a report on Saturday.

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.