Cosan Ltd (CZZ) Position Increased by Engineers Gate Manager LP
Engineers Gate Manager LP lifted its stake in Cosan Ltd (NYSE:CZZ) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,029 shares of the basic materials company’s stock after purchasing an additional 57,805 shares during the period. Engineers Gate Manager LP’s holdings in Cosan were worth $1,707,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Cosan by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock valued at $21,846,000 after acquiring an additional 243,761 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Cosan by 11.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,908,530 shares of the basic materials company’s stock valued at $23,646,000 after acquiring an additional 288,209 shares in the last quarter. Jane Street Group LLC increased its holdings in Cosan by 203.2% during the 3rd quarter. Jane Street Group LLC now owns 46,944 shares of the basic materials company’s stock valued at $382,000 after acquiring an additional 31,461 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Cosan during the 3rd quarter valued at about $1,260,000. Finally, Nordea Investment Management AB increased its holdings in Cosan by 4.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,799,060 shares of the basic materials company’s stock valued at $22,756,000 after acquiring an additional 115,800 shares in the last quarter. Hedge funds and other institutional investors own 25.98% of the company’s stock.
Several research firms have weighed in on CZZ. ValuEngine downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. 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 has an average rating of “Buy” and a consensus price target of $12.00.
Cosan (NYSE:CZZ) last issued its quarterly earnings results on Monday, November 13th. The basic materials company reported $0.28 EPS for the quarter. The business had revenue of $1.16 billion during the quarter. Cosan had a net margin of 1.65% and a return on equity of 0.72%. equities analysts expect that Cosan Ltd will post 1.06 earnings per share for the current fiscal year.
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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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