GIF Venus, Ltd Maintains 6.7% Stake in Cosan Ltd (CZZ)
GIF Venus, Ltd recently revealed that they own 6.7% of Cosan Ltd (NYSE:CZZ) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, September 22nd. The investor owns 11,222,962 shares of the stock worth approximately $75,754,994. The reporting parties listed on the disclosure included GIF Venus, Ltd, Gávea Investimentos Ltda (f/k/a 3F Administração de Recursos Ltda) and Arminio Fraga Neto. The filing is available through Edgar at this link.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CZZ. CIBC World Markets Inc. acquired a new position in Cosan during the first quarter valued at approximately $106,000. Geode Capital Management LLC increased its position in Cosan by 24.0% in the first quarter. Geode Capital Management LLC now owns 28,774 shares of the company’s stock valued at $141,000 after buying an additional 5,573 shares during the period. BlackRock Group LTD increased its position in Cosan by 393.1% in the second quarter. BlackRock Group LTD now owns 23,177 shares of the company’s stock valued at $151,000 after buying an additional 18,477 shares during the period. Sei Investments Co. increased its position in Cosan by 132.0% in the second quarter. Sei Investments Co. now owns 28,515 shares of the company’s stock valued at $186,000 after buying an additional 16,225 shares during the period. Finally, Jane Street Group LLC increased its position in Cosan by 52.2% in the second quarter. Jane Street Group LLC now owns 30,943 shares of the company’s stock valued at $201,000 after buying an additional 10,614 shares during the period. 50.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Cosan Ltd (NYSE:CZZ) traded up 2.444% on Thursday, reaching $6.915. 3,812,955 shares of the company’s stock traded hands. Cosan Ltd has a 52-week low of $2.47 and a 52-week high of $7.50. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 10.184 and a beta of 2.67. The firm’s 50-day moving average is $6.82 and its 200-day moving average is $5.86.
Separately, Zacks Investment Research raised shares of Cosan from a “sell” rating to a “hold” rating in a report on Thursday, May 26th.
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Radar, Lubricants and Cosan’s other business. The Company’s other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal SA (Rumo) and America Latina Logistica SA (ALL), logistic segment (Logistic).
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