Cosan (NYSE:CSAN) Stock Price Down 6%

Shares of Cosan S.A. (NYSE:CSAN) fell 6% during trading on Friday . The company traded as low as $8.99 and last traded at $8.99. 321,138 shares changed hands during trading, a decline of 18% from the average session volume of 392,364 shares. The stock had previously closed at $9.56.

Cosan Trading Down 5.6 %

The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.75 and a beta of 1.41. The firm’s 50-day moving average is $9.70 and its two-hundred day moving average is $10.71.

Cosan (NYSE:CSAN) last announced its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.05 billion during the quarter. On average, analysts predict that Cosan S.A. will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Cosan

Hedge funds have recently modified their holdings of the business. SPX Gestao de Recursos Ltda acquired a new position in Cosan during the fourth quarter worth about $76,000. Optiver Holding B.V. lifted its stake in Cosan by 10.7% in the 4th quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock worth $5,702,000 after purchasing an additional 35,232 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Cosan during the 4th quarter worth approximately $635,000. Banque Cantonale Vaudoise acquired a new position in shares of Cosan during the 1st quarter worth approximately $1,036,000. Finally, Signaturefd LLC grew its position in shares of Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after purchasing an additional 11,495 shares in the last quarter.

About Cosan

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.