Allianz Asset Management GmbH decreased its position in Cosan Ltd (NYSE:CZZ) by 12.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 771,360 shares of the basic materials company’s stock after selling 111,912 shares during the period. Allianz Asset Management GmbH’s holdings in Cosan were worth $7,482,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Cosan by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock valued at $21,846,000 after buying an additional 243,761 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Cosan by 3.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,006,961 shares of the basic materials company’s stock valued at $29,167,000 after buying an additional 98,431 shares in the last quarter. Nordea Investment Management AB increased its holdings in Cosan by 4.3% in the third quarter. Nordea Investment Management AB now owns 2,799,060 shares of the basic materials company’s stock valued at $22,756,000 after buying an additional 115,800 shares in the last quarter. Investec Asset Management North America Inc. increased its holdings in Cosan by 4.5% in the third quarter. Investec Asset Management North America Inc. now owns 1,412,262 shares of the basic materials company’s stock valued at $11,482,000 after buying an additional 60,341 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Cosan by 134,730.4% in the third quarter. JPMorgan Chase & Co. now owns 790,106 shares of the basic materials company’s stock valued at $6,352,000 after buying an additional 789,520 shares in the last quarter. 23.52% of the stock is owned by institutional investors.

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A number of research firms have weighed in on CZZ. JPMorgan Chase & Co. cut shares of Cosan from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $10.00 to $13.00 in a report on Tuesday, February 20th. UBS Group cut shares of Cosan from a “buy” rating to a “neutral” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research raised shares of Cosan from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $12.50.

Shares of Cosan Ltd (NYSE CZZ) opened at $11.21 on Thursday. Cosan Ltd has a 52-week low of $5.63 and a 52-week high of $11.89. The stock has a market cap of $3,040.00, a PE ratio of 17.52, a PEG ratio of 0.21 and a beta of 2.30. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.44 and a quick ratio of 1.37.

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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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Institutional Ownership by Quarter for Cosan (NYSE:CZZ)

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