Systematic Financial Management LP Invests $1.42 Million in Cosan Ltd (CZZ) Stock
Systematic Financial Management LP purchased a new position in Cosan Ltd (NYSE:CZZ) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 210,595 shares of the basic materials company’s stock, valued at approximately $1,417,000. Systematic Financial Management LP owned approximately 0.09% of Cosan at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CZZ. Wells Fargo & Company MN raised its holdings in Cosan by 62.5% during the 3rd quarter. Wells Fargo & Company MN now owns 6,278,090 shares of the basic materials company’s stock worth $42,251,000 after buying an additional 2,415,168 shares during the period. Acadian Asset Management LLC raised its holdings in Cosan by 91.1% during the 2nd quarter. Acadian Asset Management LLC now owns 2,613,750 shares of the basic materials company’s stock worth $19,942,000 after buying an additional 1,245,933 shares during the period. BlackRock Inc. raised its holdings in Cosan by 47.0% during the 2nd quarter. BlackRock Inc. now owns 1,757,324 shares of the basic materials company’s stock worth $13,409,000 after buying an additional 561,980 shares during the period. Lonestar Capital Management LLC acquired a new stake in Cosan during the 2nd quarter worth about $9,144,000. Finally, Foundry Partners LLC raised its holdings in Cosan by 9.7% during the 2nd quarter. Foundry Partners LLC now owns 437,806 shares of the basic materials company’s stock worth $3,340,000 after buying an additional 38,558 shares during the period. Hedge funds and other institutional investors own 27.99% of the company’s stock.
A number of equities analysts have recently weighed in on CZZ shares. ValuEngine upgraded Cosan from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research reiterated a “buy” rating and issued a $9.75 target price on shares of Cosan in a report on Tuesday, November 13th. Finally, Credit Suisse Group downgraded Cosan from an “outperform” rating to a “neutral” rating in a report on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.38.
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Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol businesses primarily in Brazil and internationally. The company's Raízen Energia produces and markets products derived from sugar cane, including raw sugar, anhydrous, and hydrated ethanol, as well as activities related to energy cogeneration from sugarcane bagasse.
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