Altium Wealth Management LLC lowered its stake in shares of Cosan S.A. (NYSE:CSAN – Get Rating) by 40.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,299 shares of the company's stock after selling 8,309 shares during the quarter. Altium Wealth Management LLC's holdings in Cosan were worth $171,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of CSAN. Envestnet Asset Management Inc. increased its holdings in Cosan by 78.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 38,935 shares of the company's stock worth $771,000 after buying an additional 17,139 shares during the period. Aaron Wealth Advisors LLC acquired a new position in Cosan in the 1st quarter worth approximately $1,344,000. WINTON GROUP Ltd acquired a new position in Cosan in the 1st quarter worth approximately $211,000. SPX Equities Gestao de Recursos Ltda increased its holdings in Cosan by 38.1% in the 1st quarter. SPX Equities Gestao de Recursos Ltda now owns 7,704 shares of the company's stock worth $153,000 after buying an additional 2,127 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Cosan in the 1st quarter worth approximately $498,000. Institutional investors and hedge funds own 4.02% of the company's stock.
Get Cosan alerts:Analyst Ratings Changes
CSAN has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Cosan from $15.60 to $18.30 and gave the stock a "neutral" rating in a report on Wednesday, August 24th. TheStreet cut shares of Cosan from a "c-" rating to a "d+" rating in a research note on Wednesday, September 28th.
Cosan Stock Down 0.8 %
Shares of NYSE CSAN opened at $14.19 on Wednesday. Cosan S.A. has a 12 month low of $11.95 and a 12 month high of $20.97. The firm's 50 day simple moving average is $14.88 and its 200-day simple moving average is $15.74.About Cosan
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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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