Deutsche Bank AG Sells 109,109 Shares of Suzano S.A. (NYSE:SUZ)

Deutsche Bank AG trimmed its position in Suzano S.A. (NYSE:SUZ) by 61.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,092 shares of the company’s stock after selling 109,109 shares during the period. Deutsche Bank AG’s holdings in Suzano were worth $689,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. lifted its stake in shares of Suzano by 465.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company’s stock worth $37,242,000 after purchasing an additional 3,029,016 shares during the period. Atlas FRM LLC increased its holdings in Suzano by 13.1% during the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company’s stock valued at $175,278,000 after buying an additional 2,000,000 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Suzano by 261.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company’s stock worth $21,557,000 after acquiring an additional 1,540,864 shares during the period. Ranmore Fund Management Ltd bought a new position in Suzano in the fourth quarter worth approximately $8,022,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Suzano by 1,036.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,874 shares of the company’s stock worth $7,336,000 after acquiring an additional 661,092 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Suzano to a “strong-buy” rating in a research note on Thursday, April 10th.

Suzano Stock Performance

Shares of SUZ opened at $9.13 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81. The business has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $9.81. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 14.50 and a beta of 0.94. Suzano S.A. has a 52 week low of $8.41 and a 52 week high of $10.98.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. On average, analysts expect that Suzano S.A. will post 1.93 EPS for the current year.

Suzano Company Profile

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.