Eqis Capital Management Inc. purchased a new stake in Cosan Ltd (NYSE:CZZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,764 shares of the basic materials company’s stock, valued at approximately $200,000.
Other hedge funds also recently modified their holdings of the company. Deltec Asset Management LLC boosted its stake in shares of Cosan by 135.2% in the third quarter. Deltec Asset Management LLC now owns 392,770 shares of the basic materials company’s stock valued at $2,643,000 after buying an additional 225,770 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Cosan by 31.6% in the second quarter. Advisors Asset Management Inc. now owns 141,549 shares of the basic materials company’s stock valued at $1,080,000 after buying an additional 34,005 shares during the period. BlueMountain Capital Management LLC boosted its stake in shares of Cosan by 49.6% in the third quarter. BlueMountain Capital Management LLC now owns 152,485 shares of the basic materials company’s stock valued at $1,026,000 after buying an additional 50,580 shares during the period. Northern Trust Corp boosted its stake in shares of Cosan by 594.4% in the second quarter. Northern Trust Corp now owns 355,303 shares of the basic materials company’s stock valued at $2,711,000 after buying an additional 304,134 shares during the period. Finally, BlackRock Inc. lifted its stake in Cosan by 47.0% during the second quarter. BlackRock Inc. now owns 1,757,324 shares of the basic materials company’s stock worth $13,409,000 after purchasing an additional 561,980 shares during the last quarter. Institutional investors and hedge funds own 27.24% of the company’s stock.
NYSE CZZ opened at $11.08 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.60 and a quick ratio of 1.49. Cosan Ltd has a fifty-two week low of $6.20 and a fifty-two week high of $11.89. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 13.02 and a beta of 1.50.
Cosan (NYSE:CZZ) last released its earnings results on Friday, November 9th. The basic materials company reported $0.19 earnings per share for the quarter. Cosan had a return on equity of 4.41% and a net margin of 3.39%. The firm had revenue of $1.21 billion during the quarter. As a group, analysts predict that Cosan Ltd will post 0.39 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Cosan from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Morgan Stanley upgraded Cosan from an “equal weight” rating to an “overweight” rating and set a $13.00 target price for the company in a research note on Wednesday, January 16th. Santander cut Cosan from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, ValuEngine upgraded Cosan from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Cosan presently has a consensus rating of “Hold” and an average target price of $11.92.
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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 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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