Advisors Asset Management Inc. decreased its position in Cosan Ltd. (NYSE:CZZ) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 23,333 shares of the company’s stock after selling 343 shares during the period. Advisors Asset Management Inc.’s holdings in Cosan were worth $152,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of CZZ. Oxford Asset Management increased its position in Cosan by 5.1% in the second quarter. Oxford Asset Management now owns 1,373,880 shares of the company’s stock worth $8,944,000 after buying an additional 66,295 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Cosan by 1,291.1% in the second quarter. PNC Financial Services Group Inc. now owns 83,464 shares of the company’s stock worth $542,000 after buying an additional 77,464 shares during the last quarter. Princeton Alpha Management LP increased its position in Cosan by 377.3% in the second quarter. Princeton Alpha Management LP now owns 60,798 shares of the company’s stock worth $396,000 after buying an additional 48,060 shares during the last quarter. Hanseatic Management Services Inc. increased its position in Cosan by 0.7% in the second quarter. Hanseatic Management Services Inc. now owns 81,225 shares of the company’s stock worth $529,000 after buying an additional 564 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Cosan during the second quarter worth about $1,172,000. 50.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cosan Ltd. (NYSE:CZZ) traded up 0.76% during mid-day trading on Friday, hitting $7.91. The stock had a trading volume of 1,660,967 shares. The company has a market cap of $2.09 billion, a PE ratio of 11.45 and a beta of 2.70. Cosan Ltd. has a 52-week low of $2.47 and a 52-week high of $8.09. The stock has a 50 day moving average price of $7.04 and a 200-day moving average price of $6.09.
A number of equities analysts have recently issued reports on the company. Standpoint Research downgraded Cosan from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Cosan from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock 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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