Mitsubishi UFJ Trust & Banking Corp Cuts Position in Cosan Ltd (NYSE:CZZ)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Cosan Ltd (NYSE:CZZ) by 28.6% during the second quarter, HoldingsChannel reports. The fund owned 86,197 shares of the basic materials company’s stock after selling 34,524 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cosan were worth […]

Mitsubishi UFJ Trust & Banking Corp cut its stake in Cosan Ltd (NYSE:CZZ) by 28.6% during the second quarter, HoldingsChannel reports. The fund owned 86,197 shares of the basic materials company’s stock after selling 34,524 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cosan were worth $1,298,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. increased its holdings in shares of Cosan by 3,026.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,968,928 shares of the basic materials company’s stock valued at $59,816,000 after acquiring an additional 3,841,962 shares during the period. Nordea Investment Management AB increased its holdings in shares of Cosan by 102.6% in the 2nd quarter. Nordea Investment Management AB now owns 2,425,106 shares of the basic materials company’s stock valued at $35,456,000 after acquiring an additional 1,228,341 shares during the period. BlackRock Inc. increased its holdings in shares of Cosan by 13.0% in the 1st quarter. BlackRock Inc. now owns 2,188,419 shares of the basic materials company’s stock valued at $26,918,000 after acquiring an additional 251,842 shares during the period. FMR LLC increased its holdings in shares of Cosan by 7.9% in the 1st quarter. FMR LLC now owns 1,716,772 shares of the basic materials company’s stock valued at $19,897,000 after acquiring an additional 126,206 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Cosan by 4.0% in the 1st quarter. Deutsche Bank AG now owns 1,140,682 shares of the basic materials company’s stock valued at $14,030,000 after acquiring an additional 43,565 shares during the period. Institutional investors and hedge funds own 21.02% of the company’s stock.

Shares of CZZ opened at $15.14 on Friday. The stock has a 50-day moving average of $17.78 and a two-hundred day moving average of $15.06. Cosan Ltd has a one year low of $8.56 and a one year high of $23.70. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.69 and a current ratio of 1.77. The stock has a market cap of $3.70 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.29 and a beta of 1.31.

A number of analysts have recently weighed in on the company. TheStreet cut Cosan from a “b-” rating to a “c+” rating in a research report on Friday, September 4th. HSBC raised Cosan to a “buy” rating and set a $20.30 price objective for the company in a research report on Tuesday, July 7th. JPMorgan Chase & Co. cut Cosan from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, July 7th. Finally, Zacks Investment Research cut Cosan from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Monday, September 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.18.

About Cosan

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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Institutional Ownership by Quarter for Cosan (NYSE:CZZ)

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