Cosan Ltd. (CZZ) Downgraded by Standpoint Research
Cosan Ltd. (NYSE:CZZ) was downgraded by investment analysts at Standpoint Research from a “buy” rating to a “hold” rating in a report released on Friday.
Separately, Zacks Investment Research upgraded shares of Cosan from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Thursday, August 25th.
Cosan (NYSE:CZZ) traded up 2.357% during trading on Friday, hitting $8.035. The company had a trading volume of 1,115,027 shares. The company’s 50 day moving average price is $7.04 and its 200-day moving average price is $6.09. Cosan has a 12 month low of $2.47 and a 12 month high of $8.09. The company has a market cap of $2.13 billion, a PE ratio of 11.628 and a beta of 2.70.
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A number of institutional investors have recently bought and sold shares of CZZ. Investec Asset Management LTD raised its position in Cosan by 26.9% in the first quarter. Investec Asset Management LTD now owns 6,761,170 shares of the company’s stock worth $33,265,000 after buying an additional 1,432,919 shares in the last quarter. Acadian Asset Management LLC raised its position in Cosan by 551.7% in the second quarter. Acadian Asset Management LLC now owns 2,274,624 shares of the company’s stock worth $14,808,000 after buying an additional 1,925,569 shares in the last quarter. Investec Asset Management North America Inc. raised its position in Cosan by 0.7% in the first quarter. Investec Asset Management North America Inc. now owns 2,025,475 shares of the company’s stock worth $9,965,000 after buying an additional 14,923 shares in the last quarter. Nordea Investment Management AB raised its position in Cosan by 34.2% in the second quarter. Nordea Investment Management AB now owns 1,554,218 shares of the company’s stock worth $10,118,000 after buying an additional 395,717 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Cosan by 42.8% in the second quarter. JPMorgan Chase & Co. now owns 1,533,379 shares of the company’s stock worth $9,982,000 after buying an additional 459,874 shares in the last quarter. 50.39% of the stock is owned by hedge funds and other institutional investors.
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Radar, Lubricants and Cosan’s 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) and America Latina Logistica SA (ALL), logistic segment (Logistic).
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