Parametric Portfolio Associates LLC Lowers Stake in Cosan Limited (CZZ)
Parametric Portfolio Associates LLC lessened its holdings in Cosan Limited (NYSE:CZZ) by 21.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 146,419 shares of the basic materials company’s stock after selling 38,826 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of Cosan Limited worth $939,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in CZZ. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cosan Limited in the 2nd quarter worth approximately $108,000. Capital Fund Management S.A. purchased a new stake in shares of Cosan Limited in the 2nd quarter worth approximately $133,000. Fox Run Management L.L.C. lifted its position in shares of Cosan Limited by 40.1% in the 2nd quarter. Fox Run Management L.L.C. now owns 22,000 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 6,300 shares during the period. Pinebridge Investments L.P. purchased a new stake in shares of Cosan Limited in the 2nd quarter worth approximately $157,000. Finally, Trexquant Investment LP lifted its position in Cosan Limited by 25.4% during the second quarter. Trexquant Investment LP now owns 31,720 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 6,420 shares during the last quarter. 42.40% of the stock is owned by hedge funds and other institutional investors.
Cosan Limited (CZZ) opened at $8.39 on Friday. The stock has a market cap of $1,412.53, a price-to-earnings ratio of 11.04 and a beta of 2.35. Cosan Limited has a fifty-two week low of $5.63 and a fifty-two week high of $9.45. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 1.34.
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A number of equities research analysts recently commented on CZZ shares. Zacks Investment Research raised shares of Cosan Limited from a “sell” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Friday, October 20th. Credit Suisse Group raised shares of Cosan Limited from a “neutral” rating to an “outperform” rating in a research report on Monday, October 9th. ValuEngine cut shares of Cosan Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Morgan Stanley cut shares of Cosan Limited from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Cosan Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cosan Limited currently has an average rating of “Buy” and an average target price of $10.00.
Cosan Limited 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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