Dynamic Technology Lab Private Ltd reduced its stake in Cosan Ltd (NYSE:CZZ) by 24.7% during the second quarter, Holdings Channel reports. The fund owned 34,597 shares of the basic materials company’s stock after selling 11,354 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Cosan were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Cosan by 71.0% in the first quarter. Barclays PLC now owns 13,232 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 5,492 shares during the last quarter. Dumac Inc. grew its stake in shares of Cosan by 29.6% in the first quarter. Dumac Inc. now owns 24,978 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 5,709 shares during the last quarter. Sei Investments Co. grew its stake in shares of Cosan by 13.1% in the first quarter. Sei Investments Co. now owns 56,864 shares of the basic materials company’s stock worth $590,000 after acquiring an additional 6,601 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of Cosan in the first quarter worth $125,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cosan in the second quarter worth $121,000. 26.72% of the stock is currently owned by hedge funds and other institutional investors.

CZZ has been the topic of a number of recent research reports. Zacks Investment Research cut Cosan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Credit Suisse Group cut Cosan from an “outperform” rating to a “neutral” rating in a research note on Monday, July 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cosan presently has an average rating of “Hold” and a consensus price target of $12.50.

Shares of NYSE:CZZ opened at $7.13 on Monday. The firm has a market cap of $1.73 billion, a PE ratio of 7.59 and a beta of 2.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.48 and a current ratio of 1.58. Cosan Ltd has a 1 year low of $6.20 and a 1 year high of $11.89.

Cosan (NYSE:CZZ) last announced its quarterly earnings results on Friday, August 10th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.14 billion for the quarter. Cosan had a return on equity of 4.77% and a net margin of 4.79%. research analysts predict that Cosan Ltd will post 0.55 earnings per share for the current fiscal year.

Cosan Profile

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 RaĆ­zen 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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