Optiver Holding B.V. Sells 381,082 Shares of Cosan S.A. (NYSE:CSAN)

Optiver Holding B.V. lowered its stake in shares of Cosan S.A. (NYSE:CSAN) by 69.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,664 shares of the company’s stock after selling 381,082 shares during the quarter. Optiver Holding B.V.’s holdings in Cosan were worth $2,472,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BTG Pactual Global Asset Management Ltd bought a new position in Cosan during the second quarter valued at approximately $3,695,000. Martin Currie Ltd. raised its position in Cosan by 10.0% in 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. Bank of America Corp DE lifted its stake in Cosan by 27.7% in the first quarter. Bank of America Corp DE now owns 797,696 shares of the company’s stock worth $15,794,000 after purchasing an additional 173,208 shares during the last quarter. Norges Bank bought a new stake in Cosan in the fourth quarter worth $1,697,000. Finally, Renaissance Technologies LLC boosted its position in Cosan by 2.5% during the first quarter. Renaissance Technologies LLC now owns 5,187,782 shares of the company’s stock valued at $61,320,000 after buying an additional 126,402 shares during the period.

Cosan Stock Up 1.5 %

NYSE:CSAN traded up $0.22 during mid-day trading on Monday, reaching $14.84. 72,977 shares of the company’s stock traded hands, compared to its average volume of 371,167. Cosan S.A. has a 12-month low of $10.13 and a 12-month high of $17.50. The company has a 50 day moving average price of $13.63 and a 200-day moving average price of $14.25.

Wall Street Analysts Forecast Growth

CSAN has been the subject of a number of recent research reports. HSBC raised Cosan from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 24th. TheStreet cut shares of Cosan from a “c-” rating to a “d+” rating in a report on Friday, October 27th.

Cosan 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.