Vanguard Group Inc. raised its stake in shares of Cosan Limited (NYSE:CZZ) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,408,160 shares of the basic materials company’s stock after purchasing an additional 243,761 shares during the quarter. Vanguard Group Inc. owned approximately 1.29% of Cosan Limited worth $21,846,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CZZ. Wells Fargo & Company MN increased its position in Cosan Limited by 123.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,620,321 shares of the basic materials company’s stock valued at $16,796,000 after purchasing an additional 1,446,775 shares during the period. Bank of America Corp DE boosted its holdings in shares of Cosan Limited by 14.7% during the 1st quarter. Bank of America Corp DE now owns 1,405,364 shares of the basic materials company’s stock valued at $12,001,000 after buying an additional 179,599 shares in the last quarter. Investec Asset Management North America Inc. boosted its holdings in shares of Cosan Limited by 10.4% during the 2nd quarter. Investec Asset Management North America Inc. now owns 1,351,921 shares of the basic materials company’s stock valued at $8,666,000 after buying an additional 127,394 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Cosan Limited during the 2nd quarter valued at $456,000. Finally, BT Investment Management Ltd bought a new stake in shares of Cosan Limited during the 2nd quarter valued at $374,000. 42.40% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Cosan Limited (NYSE CZZ) opened at $7.87 on Wednesday. Cosan Limited has a fifty-two week low of $5.63 and a fifty-two week high of $9.45. The company has a market cap of $1,362.02, a price-to-earnings ratio of 10.64 and a beta of 2.35. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 1.33.
CZZ has been the topic of a number of research reports. Credit Suisse Group upgraded shares of Cosan Limited from a “neutral” rating to an “outperform” rating in a report on Monday, October 9th. BidaskClub upgraded shares of Cosan Limited from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. ValuEngine cut shares of Cosan Limited from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Cosan Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. Finally, Morgan Stanley cut shares of Cosan Limited from an “overweight” rating to an “equal weight” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $10.00.
Cosan Limited 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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