Hennessy Advisors Inc. Sells 8,500 Shares of Cosan Limited (CZZ)
Hennessy Advisors Inc. lessened its position in Cosan Limited (NYSE:CZZ) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,300 shares of the basic materials company’s stock after selling 8,500 shares during the period. Hennessy Advisors Inc. owned 0.16% of Cosan Limited worth $2,771,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in Cosan Limited in the 2nd quarter worth about $108,000. Wexford Capital LP acquired a new position in Cosan Limited in the 1st quarter worth about $123,000. FNY Partners Fund LP acquired a new position in Cosan Limited in the 1st quarter worth about $141,000. Fox Run Management L.L.C. increased its holdings in Cosan Limited by 40.1% in 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. Finally, Teza Capital Management LLC acquired a new position in Cosan Limited in the 1st quarter worth about $156,000. 43.26% of the stock is owned by institutional investors and hedge funds.
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Shares of Cosan Limited (CZZ) opened at 7.97 on Friday. Cosan Limited has a 52 week low of $5.63 and a 52 week high of $9.50. The stock has a 50 day moving average price of $7.51 and a 200 day moving average price of $7.55. The firm has a market cap of $2.11 billion, a PE ratio of 72.45 and a beta of 2.31.
A number of equities analysts have issued reports on the company. BidaskClub raised Cosan Limited from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut Cosan Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine cut Cosan Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, UBS AG raised Cosan Limited from a “neutral” rating to a “buy” rating in a report on Thursday, June 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $8.75.
About Cosan Limited
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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