Waterfront Wealth Inc. Purchases 2,502 Shares of Suzano S.A. (NYSE:SUZ)

Waterfront Wealth Inc. lifted its position in shares of Suzano S.A. (NYSE:SUZ) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,969 shares of the company’s stock after buying an additional 2,502 shares during the quarter. Waterfront Wealth Inc.’s holdings in Suzano were worth $2,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Suzano by 152.4% during the 2nd quarter. Royal Bank of Canada now owns 3,778 shares of the company’s stock worth $36,000 after purchasing an additional 2,281 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Suzano during the 1st quarter worth $95,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Suzano during the 2nd quarter worth $96,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Suzano during the 2nd quarter worth $96,000. Finally, Sei Investments Co. purchased a new stake in shares of Suzano during the 2nd quarter worth $100,000. Institutional investors own 2.55% of the company’s stock.

Suzano Stock Down 0.1 %

Shares of NYSE SUZ traded down $0.01 during mid-day trading on Wednesday, reaching $11.59. 745,258 shares of the company were exchanged, compared to its average volume of 1,396,995. The company has a quick ratio of 2.20, a current ratio of 2.61 and a debt-to-equity ratio of 1.62. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.05. Suzano S.A. has a 1 year low of $7.46 and a 1 year high of $12.98. The firm has a 50-day moving average of $11.82 and a 200 day moving average of $11.15.

Suzano (NYSE:SUZ) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.09 billion during the quarter. Suzano had a return on equity of 33.35% and a net margin of 35.19%. On average, research analysts expect that Suzano S.A. will post 1.65 earnings per share for the current year.

Suzano 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.