Pictet Asset Management Ltd. Purchases 965,640 Shares of Cosan Limited (CZZ)
Pictet Asset Management Ltd. raised its position in shares of Cosan Limited (NYSE:CZZ) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,159,183 shares of the basic materials company’s stock after purchasing an additional 965,640 shares during the period. Pictet Asset Management Ltd. owned 1.57% of Cosan Limited worth $33,815,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cosan Limited during the 2nd quarter worth about $108,000. Capital Fund Management S.A. purchased a new stake in shares of Cosan Limited during the 2nd quarter worth about $133,000. Fox Run Management L.L.C. raised its stake in shares of Cosan Limited by 40.1% during the 2nd quarter. Fox Run Management L.L.C. now owns 22,000 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 6,300 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Cosan Limited during the 2nd quarter worth about $157,000. Finally, Trexquant Investment LP raised its stake in shares of Cosan Limited by 25.4% during the 2nd quarter. Trexquant Investment LP now owns 31,720 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 6,420 shares in the last quarter. 42.03% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. BidaskClub raised Cosan Limited from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Cosan Limited from a “sell” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research note on Friday, October 20th. Morgan Stanley downgraded Cosan Limited from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 6th. ValuEngine downgraded Cosan Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Credit Suisse Group raised Cosan Limited from a “neutral” rating to an “outperform” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Cosan Limited has a consensus rating of “Buy” and a consensus price target of $10.00.
Cosan Limited 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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