Cosan Ltd. (CZZ) Sees Strong Trading Volume
Cosan Ltd. (NYSE:CZZ) saw an uptick in trading volume on Monday . 1,051,950 shares were traded during trading, a decline of 0% from the previous session’s volume of 1,053,424 shares.The stock last traded at $6.73 and had previously closed at $6.69.
Separately, Zacks Investment Research raised shares of Cosan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd.
The firm’s 50 day moving average price is $6.81 and its 200 day moving average price is $5.86. The company has a market capitalization of $1.78 billion, a P/E ratio of 9.919 and a beta of 2.67.
Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Cosan by 551.7% in the second quarter. Acadian Asset Management LLC now owns 2,274,624 shares of the company’s stock worth $14,808,000 after buying an additional 1,925,569 shares in the last quarter. Investec Asset Management LTD boosted its position in Cosan by 26.9% in the first quarter. Investec Asset Management LTD now owns 6,761,170 shares of the company’s stock worth $33,265,000 after buying an additional 1,432,919 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Cosan by 51,910.9% in the first quarter. JPMorgan Chase & Co. now owns 1,073,505 shares of the company’s stock worth $5,282,000 after buying an additional 1,071,441 shares in the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new position in Cosan during the second quarter worth $6,714,000. Finally, BARING ASSET MANAGEMENT Ltd bought a new position in Cosan during the second quarter worth $5,634,000. Institutional investors own 50.39% of the company’s stock.
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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