Deutsche Bank AG decreased its position in shares of Cosan (NYSE:CZZ) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,479 shares of the basic materials company’s stock after selling 344,574 shares during the period. Deutsche Bank AG owned 0.15% of Cosan worth $3,797,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Cosan by 5.9% during the fourth quarter. Renaissance Technologies LLC now owns 11,425,499 shares of the basic materials company’s stock valued at $110,854,000 after buying an additional 638,800 shares during the last quarter. Martin Currie Ltd. raised its position in shares of Cosan by 7.8% during the fourth quarter. Martin Currie Ltd. now owns 3,307,510 shares of the basic materials company’s stock valued at $32,083,000 after buying an additional 240,100 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Cosan by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,006,961 shares of the basic materials company’s stock valued at $29,167,000 after buying an additional 98,431 shares during the last quarter. Dynamo Administracao de Recursos Ltda. acquired a new position in shares of Cosan during the fourth quarter valued at about $20,657,000. Finally, Dynamo Internacional Gestao DE Recursos LTDA. raised its position in shares of Cosan by 146.5% during the fourth quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 1,870,971 shares of the basic materials company’s stock valued at $17,022,000 after buying an additional 1,112,030 shares during the last quarter. 23.49% of the stock is owned by hedge funds and other institutional investors.
CZZ has been the subject of a number of research analyst reports. JPMorgan Chase lowered shares of Cosan from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $13.00 in a research report on Tuesday, February 20th. UBS lowered shares of Cosan from a “buy” rating to a “neutral” rating in a research report on Thursday, February 8th. ValuEngine lowered shares of Cosan from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research raised shares of Cosan from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.50.
NYSE CZZ opened at $10.56 on Thursday. The stock has a market capitalization of $2,715.72, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 0.19 and a beta of 2.36. Cosan has a twelve month low of $5.63 and a twelve month high of $11.89. The company has a current ratio of 1.44, a quick ratio of 1.37 and a debt-to-equity ratio of 1.25.
Cosan (NYSE:CZZ) last posted its earnings results on Friday, March 2nd. The basic materials company reported $0.40 earnings per share for the quarter. The business had revenue of $1.14 billion for the quarter. Cosan had a net margin of 4.03% and a return on equity of 5.68%. research analysts anticipate that Cosan will post 1.14 earnings per share for the current fiscal year.
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Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol, and fuel businesses primarily in Brazil and internationally. The company's Raízen Energia segment produces and markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol.
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