Cosan Limited (NYSE:CZZ)’s share price was up 7.5% during trading on Thursday . The stock traded as high as $19.90 and last traded at $19.89. Approximately 2,057,663 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 810,178 shares. The stock had previously closed at $18.50.
The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.15 and a current ratio of 2.24. The stock’s fifty day simple moving average is $18.98 and its two-hundred day simple moving average is $17.53. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.72 and a beta of 1.37.
Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Cosan by 7.9% in the first quarter. FMR LLC now owns 1,716,772 shares of the basic materials company’s stock valued at $19,897,000 after buying an additional 126,206 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Cosan by 303.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 30,340 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 22,818 shares in the last quarter. Newfoundland Capital Management acquired a new stake in Cosan during the 3rd quarter worth about $7,464,000. California Public Employees Retirement System boosted its holdings in shares of Cosan by 4.7% in the third quarter. California Public Employees Retirement System now owns 260,817 shares of the basic materials company’s stock worth $3,873,000 after buying an additional 11,618 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Cosan in the third quarter worth approximately $244,000.
Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar, and ethanol businesses in Brazil, Europe, Latin America, North America, Asia, and internationally. It operates through RaÃzen Energia, RaÃzen CombustÃveis, ComgÃ¡s, Cosan LogÃstica, and Moove segments.
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