Cosan Ltd (NYSE:CZZ) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages also recently issued reports on CZZ. ValuEngine downgraded shares of Cosan from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Cosan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 13th.

Shares of Cosan (NYSE:CZZ) traded down 0.32% during midday trading on Thursday, reaching $6.30. 1,222,643 shares of the company traded hands. Cosan has a 12-month low of $5.63 and a 12-month high of $9.50. The company has a 50-day moving average of $6.80 and a 200 day moving average of $7.86. The firm has a market capitalization of $1.67 billion, a PE ratio of 36.63 and a beta of 2.32.

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Large investors have recently modified their holdings of the company. Dorsey Wright & Associates increased its stake in shares of Cosan by 44.3% in the first quarter. Dorsey Wright & Associates now owns 242,373 shares of the basic materials company’s stock worth $2,070,000 after buying an additional 74,361 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Cosan by 66.2% in the first quarter. Advisors Asset Management Inc. now owns 40,099 shares of the basic materials company’s stock worth $342,000 after buying an additional 15,976 shares during the last quarter. Hussman Strategic Advisors Inc. increased its stake in shares of Cosan by 66.7% in the first quarter. Hussman Strategic Advisors Inc. now owns 500,000 shares of the basic materials company’s stock worth $4,270,000 after buying an additional 200,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Cosan by 551.1% in the first quarter. Wells Fargo & Company MN now owns 1,173,546 shares of the basic materials company’s stock worth $10,022,000 after buying an additional 993,318 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Cosan during the first quarter worth about $3,764,000. 46.93% of the stock is owned by institutional investors and hedge funds.

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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