Morgan Stanley lowered its position in shares of Cosan Limited (NYSE:CZZ) by 52.2% during the first quarter, Holdings Channel reports. The institutional investor owned 723,733 shares of the basic materials company’s stock after selling 790,730 shares during the period. Morgan Stanley’s holdings in Cosan Limited were worth $6,180,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new stake in Cosan Limited during the first quarter worth about $123,000. Fox Run Management L.L.C. purchased a new stake in Cosan Limited during the first quarter worth about $134,000. Teza Capital Management LLC purchased a new stake in Cosan Limited during the first quarter worth about $156,000. Airain ltd purchased a new stake in Cosan Limited during the first quarter worth about $166,000. Finally, FFT Wealth Management LLC purchased a new stake in Cosan Limited during the first quarter worth about $171,000. Institutional investors and hedge funds own 44.30% of the company’s stock.

Cosan Limited (NYSE:CZZ) traded up 1.39% on Friday, reaching $7.32. 707,442 shares of the company’s stock traded hands. Cosan Limited has a 52-week low of $5.63 and a 52-week high of $9.50. The stock’s 50 day moving average is $6.60 and its 200 day moving average is $7.72. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 40.44 and a beta of 2.35.

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A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Cosan Limited from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. UBS AG upgraded shares of Cosan Limited from a “neutral” rating to a “buy” rating in a report on Thursday, June 1st. Zacks Investment Research lowered shares of Cosan Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, ValuEngine lowered shares of Cosan Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $8.75.

About Cosan Limited

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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Institutional Ownership by Quarter for Cosan Limited (NYSE:CZZ)

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