80,978 Shares in Suzano S.A. (NYSE:SUZ) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in shares of Suzano S.A. (NYSE:SUZ - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 80,978 shares of the company's stock, valued at approximately $810,000.

Other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Suzano during the 3rd quarter valued at approximately $107,000. FMR LLC grew its position in shares of Suzano by 1,078.7% during the 3rd quarter. FMR LLC now owns 36,364 shares of the company's stock worth $364,000 after buying an additional 33,279 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Suzano by 69.4% during the 3rd quarter. Fisher Asset Management LLC now owns 124,521 shares of the company's stock worth $1,245,000 after acquiring an additional 50,994 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Suzano by 11.1% during the third quarter. Caprock Group LLC now owns 11,178 shares of the company's stock valued at $112,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of Suzano by 69.4% in the 3rd quarter. Metis Global Partners LLC now owns 154,379 shares of the company's stock valued at $1,544,000 after acquiring an additional 63,231 shares during the period. Institutional investors own 2.55% of the company's stock.

Suzano Stock Down 2.3 %

SUZ traded down $0.25 on Thursday, hitting $10.44. The company had a trading volume of 2,064,467 shares, compared to its average volume of 1,825,377. Suzano S.A. has a 12-month low of $8.78 and a 12-month high of $12.98. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 16.57 and a beta of 0.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17. The stock has a fifty day moving average price of $10.27 and a 200-day moving average price of $9.86.

Suzano Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $0.3366 dividend. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th. Suzano's dividend payout ratio is currently 26.98%.

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.