Why You Should Care When Hedge Funds Invest in Cosan Limited (NYSE:CZZ)

Cosan Limited (NYSE:CZZ) marched up 42.95% compared to a 52-week low price of $6.2. The shares were last seen trading -0.22% lower, taking the closing price at $8.87 on 12/03/2018. At recent session, the prices were hovering between $8.67 and $8.97. This company shares are 31.79% off its target price of $11.69 and the current market capitalization stands at $1.97B. The recent change has given its price a 14.13% lead over SMA 50 and -25.4% deficit over its 52-week high. The stock witnessed 3.74% gains, 36.88% gains and 0.57% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CZZ’s volatility during a week at 3.93% and during a month it has been found around 4.2%.

Cosan Limited (CZZ) Top Holders

Institutional investors currently hold around $616 million or 63.9% in CZZ stock. Look at its top three institutional owners. Wells Fargo & Company/Mn owns $55.81 million in Cosan Limited, which represents roughly 2.83% of the company’s market cap and approximately 9.06% of the institutional ownership. Similar statistics are true for the second largest owner, Prudential Plc, which owns 5,801,331 shares of the stock are valued at $51.57 million. The third largest holder is Moon Capital Management Lp, which currently holds $39.38 million worth of this stock and that ownership represents nearly 2% of its market capitalization.

Cosan Limited 13F Filings

At the end of September reporting period, 51 institutional holders increased their position in Cosan Limited (NYSE:CZZ) by some 11,907,737 shares, 61 decreased positions by 9,988,795 and 16 held positions by 47,436,205. That puts total institutional holdings at 69,332,737 shares, according to SEC filings. The stock grabbed 12 new institutional investments totaling 1,809,066 shares while 23 institutional investors sold out their entire positions totaling 1,437,142 shares.

Cosan Limited (CZZ) Analyst Guide

Several analysts have released their opinion on Cosan Limited (NYSE:CZZ), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation.