Wells Fargo & Company MN decreased its position in Cosan Ltd (NYSE:CZZ) by 51.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,041,041 shares of the basic materials company’s stock after selling 3,236,824 shares during the quarter. Wells Fargo & Company MN’s holdings in Cosan were worth $35,246,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CZZ. Norges Bank purchased a new stake in shares of Cosan during the fourth quarter worth about $39,643,000. FMR LLC grew its holdings in Cosan by 86,343.8% during the 4th quarter. FMR LLC now owns 1,590,566 shares of the basic materials company’s stock valued at $13,997,000 after buying an additional 1,588,726 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cosan by 90.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,951,346 shares of the basic materials company’s stock valued at $22,616,000 after buying an additional 928,498 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Cosan during the 1st quarter valued at approximately $8,897,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Cosan during the 4th quarter valued at approximately $5,142,000. 22.84% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on CZZ shares. JPMorgan Chase & Co. upgraded Cosan from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.50 to $13.00 in a report on Tuesday, February 19th. Zacks Investment Research upgraded Cosan from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.92.

Shares of NYSE:CZZ traded up $0.20 during trading on Friday, hitting $13.16. The company had a trading volume of 15,995 shares, compared to its average volume of 789,111. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.16 and a beta of 1.37. Cosan Ltd has a one year low of $6.20 and a one year high of $13.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.73 and a quick ratio of 1.62.

Cosan (NYSE:CZZ) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion during the quarter. Cosan had a return on equity of 7.65% and a net margin of 5.92%. As a group, analysts expect that Cosan Ltd will post 0.87 earnings per share for the current fiscal year.

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Cosan Company 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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