Cosan (NYSE:CSAN) Shares Gap Up to $14.21

Cosan S.A. (NYSE:CSAN) shares gapped up prior to trading on Friday . The stock had previously closed at $14.21, but opened at $14.64. Cosan shares last traded at $14.55, with a volume of 25,481 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSAN. TheStreet upgraded Cosan from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. HSBC cut Cosan from a “hold” rating to a “reduce” rating in a research note on Friday, June 23rd.

Cosan Stock Performance

The firm has a 50 day simple moving average of $15.55 and a two-hundred day simple moving average of $13.44.

Hedge Funds Weigh In On Cosan

Large investors have recently bought and sold shares of the stock. Martin Currie Ltd. raised its stake in shares of Cosan by 10.0% during the 1st quarter. Martin Currie Ltd. now owns 2,448,770 shares of the company’s stock worth $28,944,000 after purchasing an additional 221,761 shares during the period. BTG Pactual Global Asset Management Ltd bought a new stake in shares of Cosan during the 2nd quarter worth $3,695,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Cosan by 8.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,179 shares of the company’s stock worth $197,000 after purchasing an additional 1,039 shares during the period. Optiver Holding B.V. bought a new stake in shares of Cosan during the 1st quarter worth $6,463,000. Finally, Envestnet Asset Management Inc. increased its holdings in Cosan by 6.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,292 shares of the company’s stock worth $571,000 after acquiring an additional 3,122 shares during the last quarter.

Cosan Company Profile

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.