ValuEngine Downgrades Cosan Limited (CZZ) to Hold

Cosan Limited (NYSE:CZZ) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

CZZ has been the topic of a number of other research reports. Morgan Stanley downgraded Cosan Limited from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 6th. Credit Suisse Group upgraded Cosan Limited from a “neutral” rating to an “outperform” rating in a research report on Monday. Finally, BidaskClub upgraded Cosan Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

Cosan Limited (CZZ) opened at 8.69 on Wednesday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 79.72 and a beta of 2.27. The stock has a 50 day moving average price of $8.29 and a 200 day moving average price of $7.56. Cosan Limited has a 52 week low of $5.63 and a 52 week high of $9.50.

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Several large investors have recently made changes to their positions in CZZ. BNP Paribas Arbitrage SA grew its stake in shares of Cosan Limited by 9.7% during the first quarter. BNP Paribas Arbitrage SA now owns 35,995 shares of the basic materials company’s stock valued at $307,000 after buying an additional 3,183 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Cosan Limited by 4.6% during the first quarter. Parametric Portfolio Associates LLC now owns 185,245 shares of the basic materials company’s stock valued at $1,582,000 after buying an additional 8,097 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Cosan Limited by 44.0% during the first quarter. Wellington Management Group LLP now owns 973,215 shares of the basic materials company’s stock valued at $8,311,000 after buying an additional 297,485 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Cosan Limited by 4.4% during the first quarter. PNC Financial Services Group Inc. now owns 375,265 shares of the basic materials company’s stock valued at $3,205,000 after buying an additional 15,707 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Cosan Limited by 5.8% during the first quarter. Vanguard Group Inc. now owns 3,164,399 shares of the basic materials company’s stock valued at $27,024,000 after buying an additional 173,302 shares during the last quarter. 43.22% of the stock is currently owned by hedge funds and other institutional investors.

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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