Systematic Financial Management LP Acquires New Position in Cosan Ltd (NYSE:CZZ)

Systematic Financial Management LP acquired a new stake in Cosan Ltd (NYSE:CZZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 69,135 shares of the basic materials company’s stock, valued at approximately $924,000.

Several other institutional investors also recently made changes to their positions in CZZ. Cutler Group LP raised its position in shares of Cosan by 233.5% in the 1st quarter. Cutler Group LP now owns 4,273 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 7,473 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cosan by 13.5% in 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 purchasing an additional 1,535 shares during the last quarter. Raymond James & Associates acquired a new position in Cosan in the 4th quarter worth approximately $118,000. Quantamental Technologies LLC increased its holdings in Cosan by 33.4% in the 1st quarter. Quantamental Technologies LLC now owns 13,471 shares of the basic materials company’s stock worth $156,000 after buying an additional 3,376 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Cosan in the 2nd quarter worth approximately $175,000. 23.01% of the stock is owned by hedge funds and other institutional investors.

NYSE:CZZ traded down $0.16 during midday trading on Friday, hitting $14.23. The company’s stock had a trading volume of 422,955 shares, compared to its average volume of 751,158. Cosan Ltd has a fifty-two week low of $6.20 and a fifty-two week high of $14.99. The company’s 50 day simple moving average is $14.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.62 and a current ratio of 1.73. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.23 and a beta of 1.31.

Cosan (NYSE:CZZ) last issued its quarterly earnings results on Wednesday, May 15th. The basic materials company reported $0.21 earnings per share for the quarter. Cosan had a net margin of 5.92% and a return on equity of 7.65%. The company had revenue of $1.25 billion for the quarter. On average, sell-side analysts anticipate that Cosan Ltd will post 0.88 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Cosan from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.92.

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

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