182,120 Shares in Suzano S.A. (NYSE:SUZ) Acquired by BTG Pactual Global Asset Management Ltd

BTG Pactual Global Asset Management Ltd purchased a new position in Suzano S.A. (NYSE:SUZ) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 182,120 shares of the company’s stock, valued at approximately $1,679,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Suzano by 9.2% in the 1st quarter. State Street Corp now owns 4,278,069 shares of the company’s stock worth $35,123,000 after buying an additional 358,756 shares during the period. Perpetual Ltd acquired a new position in Suzano in the 1st quarter worth approximately $33,960,000. Renaissance Technologies LLC grew its stake in shares of Suzano by 0.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,385,788 shares of the company’s stock worth $19,587,000 after purchasing an additional 19,753 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Suzano by 1,461.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,285,539 shares of the company’s stock worth $11,456,000 after purchasing an additional 1,203,188 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Suzano by 15.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,155,667 shares of the company’s stock worth $9,534,000 after purchasing an additional 156,750 shares during the period. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE:SUZ traded down $0.15 during midday trading on Friday, reaching $10.77. 2,778,900 shares of the company’s stock traded hands, compared to its average volume of 1,464,079. Suzano S.A. has a 1 year low of $7.46 and a 1 year high of $11.60. The company has a market cap of $14.66 billion, a P/E ratio of 4.29, a PEG ratio of 0.67 and a beta of 1.11. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.34 and a current ratio of 2.82. The company has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $9.94.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). The firm had revenue of $1.83 billion during the quarter. Suzano had a net margin of 38.44% and a return on equity of 42.58%. Equities analysts predict that Suzano S.A. will post 2.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised shares of Suzano from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 3rd.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.