Commonwealth Bank of Australia cut its holdings in Cosan Limited (NYSE:CZZ) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,900 shares of the basic materials company’s stock after selling 30,500 shares during the period. Commonwealth Bank of Australia owned approximately 0.11% of Cosan Limited worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Wexford Capital LP bought a new position in shares of Cosan Limited in the 1st quarter worth about $123,000. FNY Partners Fund LP bought a new position in shares of Cosan Limited in the 1st quarter worth about $141,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Cosan Limited in the 2nd quarter worth about $108,000. Teza Capital Management LLC bought a new position in shares of Cosan Limited in the 1st quarter worth about $156,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Cosan Limited by 676.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 18,247 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 15,896 shares in the last quarter. 43.26% of the stock is owned by hedge funds and other institutional investors.

Cosan Limited (CZZ) opened at 8.05 on Wednesday. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 73.18 and a beta of 2.31. 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 $7.54 and a 200 day moving average price of $7.52.

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Several research analysts have recently weighed in on the company. BidaskClub raised Cosan Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Cosan Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine lowered Cosan Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, UBS AG raised Cosan Limited from a “neutral” rating to a “buy” rating in a research report on Thursday, June 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cosan Limited has a consensus rating of “Buy” and a consensus 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).

Institutional Ownership by Quarter for Cosan Limited (NYSE:CZZ)

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