Capital Fund Management S.A. Grows Holdings in Cosan Ltd (CZZ)

Capital Fund Management S.A. raised its position in Cosan Ltd (NYSE:CZZ) by 39.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 46,300 shares of the basic materials company’s stock after acquiring an additional 13,000 shares during the period. Capital Fund Management S.A.’s holdings in Cosan were worth $312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZZ. Dynamo Administracao de Recursos Ltda. increased its position in shares of Cosan by 31.1% during the 3rd quarter. Dynamo Administracao de Recursos Ltda. now owns 4,352,306 shares of the basic materials company’s stock worth $29,123,000 after purchasing an additional 1,033,557 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. increased its position in shares of Cosan by 29.1% during the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 3,642,412 shares of the basic materials company’s stock worth $24,373,000 after purchasing an additional 820,415 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cosan by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,112,532 shares of the basic materials company’s stock worth $7,488,000 after purchasing an additional 185,508 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Cosan by 15.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 313,878 shares of the basic materials company’s stock worth $2,113,000 after purchasing an additional 42,737 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cosan by 252.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,283 shares of the basic materials company’s stock worth $614,000 after purchasing an additional 65,383 shares during the last quarter. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Several research firms have weighed in on CZZ. ValuEngine raised Cosan from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research reaffirmed a “buy” rating and set a $9.75 price target on shares of Cosan in a research report on Tuesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cosan has an average rating of “Hold” and a consensus target price of $11.38.

NYSE:CZZ opened at $8.67 on Thursday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 10.20 and a beta of 1.61. Cosan Ltd has a twelve month low of $6.20 and a twelve month high of $11.89. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 1.44.

Cosan (NYSE:CZZ) last posted its quarterly earnings results on Friday, November 9th. The basic materials company reported $0.19 earnings per share for the quarter. The firm had revenue of $1.21 billion for the quarter. Cosan had a return on equity of 4.41% and a net margin of 3.39%. Research analysts forecast that Cosan Ltd will post 0.58 EPS for the current fiscal year.

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About Cosan

Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol businesses primarily in Brazil and internationally. The company's Raízen Energia produces and markets products derived from sugar cane, including raw sugar, anhydrous, and hydrated ethanol, as well as activities related to energy cogeneration from sugarcane bagasse.

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Institutional Ownership by Quarter for Cosan (NYSE:CZZ)

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