Martin Currie Ltd. boosted its holdings in shares of Cosan S.A. (NYSE:CSAN – Get Rating) by 25.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,221,322 shares of the company's stock after buying an additional 445,645 shares during the quarter. Cosan accounts for 1.4% of Martin Currie Ltd.'s investment portfolio, making the stock its 24th largest position. Martin Currie Ltd. owned approximately 0.58% of Cosan worth $43,982,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CSAN. Advisor Group Holdings Inc. lifted its holdings in Cosan by 29.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,606 shares of the company's stock worth $56,000 after buying an additional 831 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Cosan by 78.6% in the first quarter. Envestnet Asset Management Inc. now owns 38,935 shares of the company's stock valued at $771,000 after purchasing an additional 17,139 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new position in Cosan in the first quarter valued at approximately $1,344,000. WINTON GROUP Ltd acquired a new stake in Cosan during the first quarter worth approximately $211,000. Finally, SPX Equities Gestao de Recursos Ltda lifted its position in shares of Cosan by 38.1% during the 1st quarter. SPX Equities Gestao de Recursos Ltda now owns 7,704 shares of the company's stock worth $153,000 after buying an additional 2,127 shares during the last quarter. 4.02% of the stock is currently owned by institutional investors and hedge funds.
Get Cosan alerts:Cosan Stock Performance
Shares of Cosan stock traded up $0.28 during trading on Wednesday, reaching $14.46. The company's stock had a trading volume of 2,549 shares, compared to its average volume of 195,484. The company has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $16.11. Cosan S.A. has a fifty-two week low of $11.95 and a fifty-two week high of $20.97.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of Cosan from a "d+" rating to a "c-" rating in a research report on Monday, August 29th. The Goldman Sachs Group boosted their target price on Cosan from $15.60 to $18.30 and gave the company a "neutral" rating in a report on Wednesday, August 24th.Cosan Company Profile
(Get Rating)
Cosan SA, through its subsidiaries, primarily engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas.
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