JPMorgan Chase & Co. increased its stake in shares of Cosan Ltd. (NYSE:CZZ) by 42.8% during the second quarter, Holdings Channel reports. The fund owned 1,533,379 shares of the company’s stock after buying an additional 459,874 shares during the period. JPMorgan Chase & Co. owned approximately 0.58% of Cosan worth $9,982,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CZZ. CIBC World Markets Inc. bought a new stake in Cosan during the first quarter valued at $106,000. Geode Capital Management LLC boosted its stake in Cosan by 24.0% in the first quarter. Geode Capital Management LLC now owns 28,774 shares of the company’s stock valued at $141,000 after buying an additional 5,573 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Cosan during the first quarter valued at $210,000. Boothbay Fund Management LLC boosted its stake in Cosan by 36.9% in the first quarter. Boothbay Fund Management LLC now owns 60,500 shares of the company’s stock valued at $298,000 after buying an additional 16,296 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its stake in Cosan by 377.3% in the second quarter. Princeton Alpha Management LP now owns 60,798 shares of the company’s stock valued at $396,000 after buying an additional 48,060 shares during the last quarter. Hedge funds and other institutional investors own 50.39% of the company’s stock.
Cosan Ltd. (NYSE:CZZ) traded up 2.87% during midday trading on Wednesday, reaching $7.52. 2,786,325 shares of the company’s stock traded hands. The company has a market cap of $1.99 billion, a P/E ratio of 10.80 and a beta of 2.70. Cosan Ltd. has a 52-week low of $2.47 and a 52-week high of $7.54. The stock has a 50-day moving average of $6.97 and a 200 day moving average of $6.07.
Separately, Zacks Investment Research upgraded shares of Cosan from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Thursday, August 25th.
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Radar, Lubricants and Cosan’s 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) and America Latina Logistica SA (ALL), logistic segment (Logistic).
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