Cosan Ltd. (NYSE:CZZ) traded down 1.6% on Friday . The company traded as low as $6.58 and last traded at $6.61, with a volume of 132,315 shares changing hands. The stock had previously closed at $6.72.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Cosan from a “sell” rating to a “hold” rating in a report on Friday. TheStreet raised Cosan from a “sell” rating to a “hold” rating in a report on Friday, April 15th.

The company’s 50-day moving average price is $6.28 and its 200 day moving average price is $4.74. The stock has a market capitalization of $1.74 billion and a P/E ratio of 10.00.

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