Cosan Ltd. (CZZ) Trading Down 2.3%
Shares of Cosan Ltd. (NYSE:CZZ) fell 2.3% on Wednesday . The stock traded as low as $6.10 and last traded at $6.31, with a volume of 424,122 shares changing hands. The stock had previously closed at $6.46.
A number of analysts have commented on CZZ shares. TheStreet upgraded shares of Cosan from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. Zacks Investment Research upgraded shares of Cosan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd.
The company has a market cap of $1.71 billion and a P/E ratio of 9.83. The company has a 50 day moving average price of $5.97 and a 200-day moving average price of $4.53.
A number of large investors have made changes to their positions in CZZ. California Public Employees Retirement System raised its stake 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 valued at $2,442,000 after buying an additional 93,800 shares during the period. Oxford Asset Management raised its stake 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 valued at $3,385,000 after buying an additional 858,347 shares during the period. Finally, BHF Kleinwort Benson Group S.A. acquired a new stake in shares of Cosan during the fourth quarter valued at about $8,606,000.
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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