Cosan (NYSE:CSAN) Sees Strong Trading Volume

Shares of Cosan S.A. (NYSE:CSANGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 664,461 shares traded hands during trading, an increase of 175% from the previous session’s volume of 241,666 shares.The stock last traded at $12.27 and had previously closed at $12.26.

Cosan Stock Performance

The business’s 50-day moving average price is $13.98 and its 200-day moving average price is $14.18.

Hedge Funds Weigh In On Cosan

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. increased its holdings in shares of Cosan by 251.6% in the third quarter. Itau Unibanco Holding S.A. now owns 398,619 shares of the company’s stock valued at $5,417,000 after purchasing an additional 285,241 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Cosan by 27.7% during the first quarter. Bank of America Corp DE now owns 797,696 shares of the company’s stock worth $15,794,000 after buying an additional 173,208 shares during the last quarter. Martin Currie Ltd. raised its holdings in Cosan by 6.5% during the third quarter. Martin Currie Ltd. now owns 2,722,425 shares of the company’s stock worth $36,998,000 after purchasing an additional 166,456 shares in the last quarter. Optiver Holding B.V. increased its stake in Cosan by 98.5% in the 3rd quarter. Optiver Holding B.V. now owns 328,873 shares of the company’s stock valued at $4,469,000 after purchasing an additional 163,209 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cosan in the fourth quarter valued at $1,697,000.

About Cosan

(Get Free Report)

Cosan SA 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.

Featured Articles

Receive News & Ratings for Cosan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cosan and related companies with MarketBeat.com's FREE daily email newsletter.