Herr Investment Group LLC Purchases Shares of 225,000 Cosan S.A. (NYSE:CSAN)

Herr Investment Group LLC acquired a new position in Cosan S.A. (NYSE:CSAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 225,000 shares of the company’s stock, valued at approximately $2,192,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Cosan by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after buying an additional 100,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cosan by 339.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after acquiring an additional 88,064 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Cosan in the 1st quarter valued at $1,036,000. Kapitalo Investimentos Ltda bought a new position in shares of Cosan during the 4th quarter valued at $635,000. Finally, Optiver Holding B.V. grew its holdings in shares of Cosan by 10.7% during the 4th quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock valued at $5,702,000 after purchasing an additional 35,232 shares during the last quarter.

Cosan Price Performance

NYSE CSAN opened at $9.57 on Friday. The company has a 50-day simple moving average of $9.70 and a two-hundred day simple moving average of $10.71. Cosan S.A. has a 12-month low of $8.69 and a 12-month high of $16.45. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 0.75 and a beta of 1.41.

Cosan (NYSE:CSAN) last announced its quarterly 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. Equities analysts expect that Cosan S.A. will post 0.71 earnings per share for the current fiscal year.

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.