Itau Unibanco Holding S.A. Increases Holdings in Cosan S.A. (NYSE:CSAN)

Itau Unibanco Holding S.A. boosted its position in Cosan S.A. (NYSE:CSAN) by 142,193.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,132,659 shares of the company’s stock after purchasing an additional 1,131,863 shares during the quarter. Itau Unibanco Holding S.A. owned about 0.24% of Cosan worth $10,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 shares during the period. Redwood Wealth Management Group LLC bought a new stake in Cosan in the 2nd quarter valued at $26,000. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after purchasing an additional 88,064 shares in the last quarter. Renaissance Technologies LLC raised its position in Cosan by 2.1% in the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after purchasing an additional 100,700 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Cosan during the second quarter worth approximately $115,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Cosan to a “strong-buy” rating in a research note on Friday, October 25th.

Cosan Stock Down 0.6 %

Shares of NYSE CSAN opened at $6.57 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68. The business’s 50 day moving average is $8.40 and its two-hundred day moving average is $9.34. Cosan S.A. has a 1-year low of $6.23 and a 1-year high of $16.45.

Cosan Profile

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.