Kapitalo Investimentos Ltda Lowers Position in Suzano S.A. Sponsored ADR $SUZ

Kapitalo Investimentos Ltda lessened its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 67.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,498 shares of the company’s stock after selling 471,418 shares during the period. Kapitalo Investimentos Ltda’s holdings in Suzano were worth $2,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SUZ. American Century Companies Inc. increased its holdings in shares of Suzano by 36.2% during the second quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock valued at $14,974,000 after acquiring an additional 422,897 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Suzano by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after purchasing an additional 70,396 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Suzano by 4.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 465,964 shares of the company’s stock valued at $4,385,000 after purchasing an additional 21,848 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Suzano by 2.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 317,605 shares of the company’s stock valued at $2,989,000 after purchasing an additional 6,822 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Suzano by 109.6% in the second quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock worth $2,312,000 after buying an additional 128,455 shares during the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of SUZ opened at $9.90 on Thursday. Suzano S.A. Sponsored ADR has a 12 month low of $8.41 and a 12 month high of $10.86. The stock has a fifty day moving average price of $9.34 and a 200-day moving average price of $9.33. The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.97. The firm has a market cap of $13.02 billion, a PE ratio of 10.31, a P/E/G ratio of 0.19 and a beta of 0.72.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Suzano had a net margin of 13.03% and a return on equity of 16.39%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Equities research analysts predict that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Suzano Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be given a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s dividend payout ratio is presently 18.75%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SUZ. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Suzano has an average rating of “Buy”.

Suzano Company Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.