Envestnet Asset Management Inc. cut its position in shares of Cosan Ltd (NYSE:CZZ) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,894 shares of the basic materials company’s stock after selling 1,126 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cosan were worth $550,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its position in Cosan by 7.9% during the first quarter. FMR LLC now owns 1,716,772 shares of the basic materials company’s stock worth $19,897,000 after purchasing an additional 126,206 shares in the last quarter. Investors Research Corp increased its holdings in Cosan by 5.8% in the 2nd quarter. Investors Research Corp now owns 18,200 shares of the basic materials company’s stock worth $243,000 after buying an additional 1,000 shares during the period. SPX Equities Gestao de Recursos Ltda acquired a new position in Cosan in the 2nd quarter worth approximately $4,318,000. Fox Run Management L.L.C. acquired a new position in Cosan in the 2nd quarter worth approximately $175,000. Finally, FDx Advisors Inc. increased its holdings in Cosan by 6.5% in the 2nd quarter. FDx Advisors Inc. now owns 16,195 shares of the basic materials company’s stock worth $216,000 after buying an additional 987 shares during the period. Institutional investors own 22.75% of the company’s stock.
Cosan stock opened at $16.14 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.53 and a debt-to-equity ratio of 1.64. Cosan Ltd has a 12 month low of $7.26 and a 12 month high of $17.65. The stock’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $14.00. The firm has a market cap of $3.95 billion, a PE ratio of 16.14, a P/E/G ratio of 1.25 and a beta of 1.20.
Several equities analysts recently weighed in on CZZ shares. TheStreet upgraded shares of Cosan from a “c+” rating to a “b” rating in a report on Tuesday, September 10th. HSBC downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Morgan Stanley downgraded shares of Cosan from an “overweight” rating to an “equal” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Friday, September 20th. Goldman Sachs Group started coverage on shares of Cosan in a report on Thursday, October 3rd. They issued a “buy” rating on the stock. Finally, Bradesco Corretora downgraded shares of Cosan from an “outperform” rating to a “neutral” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cosan has an average rating of “Hold” and a consensus price target of $12.92.
Cosan Company Profile
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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