Cosan Ltd. (NYSE:CZZ)’s share price was down 2.7% during mid-day trading on Friday . The stock traded as low as $6.40 and last traded at $6.40, with a volume of 597,321 shares changing hands. The stock had previously closed at $6.58.

Several equities analysts have issued reports on CZZ shares. Zacks Investment Research raised Cosan from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. TheStreet raised Cosan from a “sell” rating to a “hold” rating in a research note on Friday, April 15th.

The stock has a market cap of $1.70 billion and a P/E ratio of 9.64. The firm has a 50-day moving average price of $6.49 and a 200 day moving average price of $5.11.

An institutional investor recently raised its position in Cosan stock. California Public Employees Retirement System boosted its position in shares of Cosan Ltd. (NYSE:CZZ) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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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