California Public Employees Retirement System cut its stake in shares of Cosan Limited (NYSE:CZZ) by 21.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 478,100 shares of the basic materials company’s stock after selling 127,000 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Cosan Limited worth $3,065,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new stake in Cosan Limited during the 2nd quarter worth about $108,000. Capital Fund Management S.A. acquired a new position in shares of Cosan Limited during the 2nd quarter worth about $133,000. Fox Run Management L.L.C. grew its position in shares of Cosan Limited by 40.1% during the 2nd quarter. Fox Run Management L.L.C. now owns 22,000 shares of the basic materials company’s stock worth $141,000 after buying an additional 6,300 shares during the period. FNY Partners Fund LP acquired a new position in shares of Cosan Limited in the 1st quarter valued at approximately $141,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cosan Limited in the 2nd quarter valued at approximately $157,000. 42.62% of the stock is owned by institutional investors.
Cosan Limited (NYSE:CZZ) traded down $0.26 during trading hours on Friday, hitting $8.17. The company had a trading volume of 936,100 shares, compared to its average volume of 1,272,054. Cosan Limited has a 12 month low of $5.63 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.23 and a current ratio of 1.32. The company has a market cap of $1,419.27, a price-to-earnings ratio of 11.09 and a beta of 2.35.
A number of equities research analysts recently weighed in on CZZ shares. Zacks Investment Research upgraded Cosan Limited from a “sell” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research note on Friday, October 20th. ValuEngine lowered Cosan Limited from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Credit Suisse Group raised Cosan Limited from a “neutral” rating to an “outperform” rating in a report on Monday, October 9th. Morgan Stanley lowered Cosan Limited from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 6th. Finally, BidaskClub upgraded Cosan Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $10.00.
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About Cosan Limited
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Company’s other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal SA (Rumo), logistic segment (Logistic).
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