Cosan Ltd. (NYSE:CZZ)’s share price was down 2.3% on Wednesday . The company traded as low as $6.10 and last traded at $6.31, with a volume of 424,122 shares traded. The stock had previously closed at $6.46.

CZZ has been the subject of a number of research reports. Zacks Investment Research raised Cosan from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Wednesday, March 16th. TheStreet raised Cosan from a “sell” rating to a “hold” rating in a research note on Friday, April 15th.

The stock has a market capitalization of $1.65 billion and a P/E ratio of 9.38. The company’s 50-day moving average price is $5.93 and its 200 day moving average price is $4.51.

Several hedge funds and institutional investors have modified their holdings of CZZ. BHF Kleinwort Benson Group S.A. acquired a new position in shares of Cosan during the fourth quarter worth $8,606,000. California Public Employees Retirement System boosted its position in shares of Cosan by 16.5% in the fourth quarter. California Public Employees Retirement System now owns 661,700 shares of the company’s stock worth $2,442,000 after buying an additional 93,800 shares during the period. Finally, Oxford Asset Management boosted its position in shares of Cosan by 1,275.5% in the fourth quarter. Oxford Asset Management now owns 925,641 shares of the company’s stock worth $3,385,000 after buying an additional 858,347 shares during the period.

Cosan Ltd (Cosan) is a holding company. The Company operates through its subsidiaries: Cosan SA Industria e Comercio (Cosan SA) and Cosan Logistica SA (Cosan Log). The Company operates in segments: Raizen Energia SA (Raizen Energia), Raizen Combustiveis SA (Raizen Combustiveis), Companhia de Gas de Sao Paulo COMGAS (COMGAS), Cosan Log, Radar Propriedades Agricolas SA (Radar) and Lubricants.

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