Dorsey Wright & Associates Buys Shares of 355,777 Cosan Ltd (NYSE:CZZ)

Dorsey Wright & Associates purchased a new position in shares of Cosan Ltd (NYSE:CZZ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 355,777 shares of the basic materials company’s stock, valued at approximately $4,124,000. Dorsey Wright & Associates owned about 0.15% of Cosan as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in Cosan in the 4th quarter worth approximately $89,000. First Trust Advisors LP purchased a new stake in shares of Cosan during the 4th quarter valued at $100,000. SG Americas Securities LLC purchased a new stake in shares of Cosan during the 3rd quarter valued at $113,000. Bank of New York Mellon Corp grew its stake in shares of Cosan by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 12,897 shares of the basic materials company’s stock valued at $113,000 after buying an additional 1,535 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Cosan during the 4th quarter valued at $113,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on CZZ. Zacks Investment Research raised shares of Cosan from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley raised shares of Cosan from an “equal weight” rating to an “overweight” rating and set a $13.00 price target for the company in a research report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. raised shares of Cosan from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.50 to $13.00 in a research report on Tuesday, February 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Cosan presently has an average rating of “Hold” and an average price target of $11.92.

Shares of CZZ stock opened at $12.16 on Friday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 19.00 and a beta of 1.52. The company has a current ratio of 1.92, a quick ratio of 1.80 and a debt-to-equity ratio of 1.34. Cosan Ltd has a 12 month low of $6.20 and a 12 month high of $13.18.

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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.

Further Reading: Short Selling

Institutional Ownership by Quarter for Cosan (NYSE:CZZ)

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