Cosan Ltd (NYSE:CZZ) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Cosan Ltd (NYSE:CZZ) by 6.5% during the second quarter, Holdings Channel.com reports. The firm owned 38,020 shares of the basic materials company’s stock after selling 2,632 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cosan were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Cutler Group LP increased its holdings 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 acquiring an additional 7,473 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Cosan in the 2nd quarter valued at about $114,000. Fox Run Management L.L.C. purchased a new position in shares of Cosan in the 2nd quarter valued at about $175,000. Keybank National Association OH purchased a new position in shares of Cosan in the 2nd quarter valued at about $189,000. Finally, FDx Advisors Inc. increased its holdings in shares of Cosan by 6.5% in the 2nd quarter. FDx Advisors Inc. now owns 16,195 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 987 shares during the last quarter. 22.86% of the stock is currently owned by institutional investors.

CZZ opened at $15.03 on Thursday. Cosan Ltd has a one year low of $6.21 and a one year high of $15.07. The company has a market cap of $3.56 billion, a P/E ratio of 15.03 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.53 and a current ratio of 1.65. The business’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $12.83.

Cosan (NYSE:CZZ) last released its quarterly earnings data on Thursday, August 15th. The basic materials company reported $0.22 EPS for the quarter. Cosan had a return on equity of 8.32% and a net margin of 6.68%. The business had revenue of $1.29 billion for the quarter. As a group, analysts predict that Cosan Ltd will post 0.74 earnings per share for the current fiscal year.

Cosan Company 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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