Shares of Cosan Ltd. (NYSE:CZZ) were down 1.6% on Friday . The stock 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.

Several analysts have recently weighed in on CZZ shares. TheStreet upgraded shares of Cosan from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. Zacks Investment Research lowered shares of Cosan from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th.

The firm has a market cap of $1.74 billion and a P/E ratio of 10.00. The company’s 50-day moving average is $6.32 and its 200-day moving average is $4.76.

An institutional investor recently raised its position in Cosan stock. California Public Employees Retirement System raised its stake in shares of Cosan Ltd. (NYSE:CZZ) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.25% of Cosan worth $2,442,000 at the end of the most recent reporting period.

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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