Suzano (NYSE:SUZ) Shares Gap Up to $9.09

Shares of Suzano S.A. (NYSE:SUZ – Get Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $9.09, but opened at $9.42. Suzano shares last traded at $9.44, with a volume of 378,856 shares changing hands.

Suzano Price Performance

The stock has a 50 day moving average of $8.28 and a two-hundred day moving average of $9.09. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.07 and a current ratio of 2.47. The firm has a market capitalization of $12.21 billion, a P/E ratio of 3.37, a P/E/G ratio of 0.83 and a beta of 1.17.

Suzano (NYSE:SUZ – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $1.08 EPS for the quarter. The company had revenue of $2.73 billion for the quarter. Suzano had a return on equity of 58.19% and a net margin of 35.14%. Sell-side analysts predict that Suzano S.A. will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC increased its position in Suzano by 6.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 18,407 shares of the company’s stock worth $152,000 after buying an additional 1,126 shares during the period. Banco BTG Pactual S.A. bought a new position in Suzano in the 3rd quarter worth approximately $8,878,000. Bizma Investimentos Ltda acquired a new stake in shares of Suzano during the 3rd quarter worth approximately $2,226,000. Yousif Capital Management LLC grew its holdings in shares of Suzano by 8.7% during the 3rd quarter. Yousif Capital Management LLC now owns 22,752 shares of the company’s stock worth $188,000 after purchasing an additional 1,820 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Suzano by 77.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 134,844 shares of the company’s stock worth $1,112,000 after purchasing an additional 59,047 shares in the last quarter. 2.33% of the stock is owned by institutional investors.

About Suzano

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Suzano SA engages in the production of hardwood pulp from eucalyptus and paper. It operates through the Pulp and Paper segments. The Pulp segment produces and sell hardwood eucalyptus pulp and fluff mainly to supply the export market, with any surplus destined to the domestic market. The Paper segment consists of production and sale of paper to meet the demands of both domestic and export markets.