Cosan Ltd. (NYSE:CZZ) was down 2.7% during trading on Friday . The company traded as low as $6.40 and last traded at $6.40, with a volume of 597,321 shares. The stock had previously closed at $6.58.

Separately, Zacks Investment Research upgraded shares of Cosan from a “sell” rating to a “hold” rating in a report on Thursday, May 26th.

The company has a market cap of $1.70 billion and a price-to-earnings ratio of 12.17. The stock has a 50 day moving average of $6.49 and a 200-day moving average of $5.13.

A hedge fund recently raised its stake in Cosan stock. California Public Employees Retirement System increased its stake in 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. The institutional investor 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 approximately 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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