Investors Research Corp bought a new stake in Cosan Ltd (NYSE:CZZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,200 shares of the basic materials company’s stock, valued at approximately $186,000.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Cosan by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock worth $21,846,000 after acquiring an additional 243,761 shares during the last quarter. State Street Corp increased its stake in Cosan by 1.3% in the second quarter. State Street Corp now owns 100,609 shares of the basic materials company’s stock valued at $645,000 after purchasing an additional 1,300 shares during the last quarter. Sei Investments Co. increased its stake in Cosan by 6.7% in the third quarter. Sei Investments Co. now owns 116,100 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 7,252 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Cosan by 28.8% in the third quarter. Advisors Asset Management Inc. now owns 89,115 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 19,901 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Cosan in the third quarter valued at $1,260,000. Hedge funds and other institutional investors own 23.52% of the company’s stock.
CZZ has been the subject of a number of research reports. Zacks Investment Research raised Cosan from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Thursday, January 18th. JPMorgan Chase & Co. cut Cosan from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $13.00 in a research note on Tuesday, February 20th. Finally, UBS Group cut Cosan from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Four equities 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 stock. The company presently has an average rating of “Buy” and an average price target of $12.50.
Shares of Cosan Ltd (NYSE CZZ) traded down $0.08 during mid-day trading on Wednesday, reaching $11.21. The company had a trading volume of 697,188 shares, compared to its average volume of 1,051,112. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.44 and a quick ratio of 1.37. Cosan Ltd has a 1-year low of $5.63 and a 1-year high of $11.89.
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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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