Cosan Limited (CZZ) Stake Increased by Bank of America Corp DE
Bank of America Corp DE increased its stake in shares of Cosan Limited (NYSE:CZZ) by 14.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,405,364 shares of the basic materials company’s stock after buying an additional 179,599 shares during the period. Bank of America Corp DE’s holdings in Cosan Limited were worth $12,001,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Wexford Capital LP bought a new stake in Cosan Limited during the first quarter valued at $123,000. Fox Run Management L.L.C. bought a new stake in Cosan Limited during the first quarter valued at $134,000. Teza Capital Management LLC bought a new stake in Cosan Limited during the first quarter valued at $156,000. Airain ltd bought a new stake in Cosan Limited during the first quarter valued at $166,000. Finally, FFT Wealth Management LLC bought a new stake in Cosan Limited during the first quarter valued at $171,000. 46.79% of the stock is owned by hedge funds and other institutional investors.
Cosan Limited (NYSE CZZ) opened at 6.87 on Tuesday. The company’s 50-day moving average is $6.80 and its 200 day moving average is $7.86. Cosan Limited has a 12-month low of $5.63 and a 12-month high of $9.50. The stock has a market capitalization of $1.82 billion, a PE ratio of 40.18 and a beta of 2.33.
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Several research firms have weighed in on CZZ. BidaskClub raised shares of Cosan Limited from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. UBS AG raised shares of Cosan Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Cosan Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, ValuEngine downgraded shares of Cosan Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cosan Limited currently has a consensus rating of “Buy” and an average target price of $8.75.
Cosan Limited Company Profile
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and 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), logistic segment (Logistic).
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