Investors Purchase Large Volume of Cosan Put Options (CZZ)
Cosan Limited (NYSE:CZZ) saw unusually large options trading activity on Tuesday. Traders purchased 2,500 put options on the stock. This represents an increase of 2,173% compared to the average volume of 110 put options.
Shares of Cosan (CZZ) opened at $9.46 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.35 and a debt-to-equity ratio of 1.34. Cosan has a 12-month low of $5.63 and a 12-month high of $9.70. The firm has a market cap of $1,558.88, a PE ratio of 12.14 and a beta of 2.36.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Cosan from a “sell” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research report on Friday, October 20th. Morgan Stanley lowered shares of Cosan from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 6th. BidaskClub upgraded shares of Cosan from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine lowered shares of Cosan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group upgraded shares of Cosan from a “neutral” rating to an “outperform” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.00.
Institutional investors have recently modified their holdings of the company. Nine Chapters Capital Management LLC acquired a new stake in shares of Cosan during the 3rd quarter valued at about $152,000. Capital Fund Management S.A. acquired a new stake in shares of Cosan during the 2nd quarter valued at about $133,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cosan during the 3rd quarter valued at about $176,000. Pinebridge Investments L.P. acquired a new stake in shares of Cosan during the 2nd quarter valued at about $157,000. Finally, Trexquant Investment LP boosted its position in shares of Cosan by 25.4% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 41.86% of the company’s stock.
Cosan 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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