Cosan Ltd. (NYSE:CZZ) fell 4.3% on Monday . The company traded as low as $6.37 and last traded at $6.39, with a volume of 776,770 shares trading hands. The stock had previously closed at $6.68.

A number of brokerages recently weighed in on CZZ. TheStreet raised shares of Cosan from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. Zacks Investment Research raised shares of Cosan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd.

The firm has a market capitalization of $1.69 billion and a price-to-earnings ratio of 9.79. The company’s 50 day moving average price is $6.39 and its 200 day moving average price is $4.94.

A hedge fund recently raised its stake in Cosan stock. California Public Employees Retirement System raised its stake in Cosan Ltd. (NYSE:CZZ) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 661,700 shares of the company’s stock after buying an additional 93,800 shares during the period. California Public Employees Retirement System owned 0.25% of Cosan worth $2,442,000 at the end of the most recent quarter.

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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