Shares of Cosan S.A. (NYSE:CSAN – Get Rating) saw an uptick in trading volume on Friday . 6,053 shares were traded during trading, a decline of 95% from the previous session's volume of 131,596 shares.The stock last traded at $13.90 and had previously closed at $14.98.
Analysts Set New Price Targets
Several research firms have recently issued reports on CSAN. The Goldman Sachs Group lifted their price objective on shares of Cosan from $15.60 to $18.30 and gave the company a "neutral" rating in a research report on Wednesday, August 24th. TheStreet upgraded shares of Cosan from a "d+" rating to a "c-" rating in a research report on Monday, August 29th.Get Cosan alerts:
Cosan Price Performance
The firm's 50-day moving average is $14.82 and its two-hundred day moving average is $15.93.
Institutional Investors Weigh In On CosanSeveral large investors have recently bought and sold shares of CSAN. Advisor Group Holdings Inc. increased its position in Cosan by 29.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,606 shares of the company's stock worth $56,000 after purchasing an additional 831 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of 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 acquiring an additional 17,139 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of Cosan in the 1st quarter worth about $1,344,000. WINTON GROUP Ltd purchased a new position in shares of Cosan during the 1st quarter worth about $211,000. Finally, SPX Equities Gestao de Recursos Ltda grew its holdings in Cosan by 38.1% during the 1st quarter. SPX Equities Gestao de Recursos Ltda now owns 7,704 shares of the company's stock valued at $153,000 after purchasing an additional 2,127 shares during the last quarter. Institutional investors own 4.02% of the company's stock.
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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