Jane Street Group LLC lowered its stake in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 92.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,874 shares of the company's stock after selling 196,838 shares during the quarter. Jane Street Group LLC's holdings in Suzano were worth $159,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SUZ. Atlas FRM LLC increased its stake in shares of Suzano by 73.0% during the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company's stock worth $126,526,000 after acquiring an additional 5,200,000 shares during the period. State Street Corp boosted its holdings in Suzano by 14.1% in the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company's stock valued at $45,978,000 after purchasing an additional 568,618 shares in the last quarter. Kapitalo Investimentos Ltda increased its position in Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company's stock worth $35,387,000 after purchasing an additional 2,139,719 shares during the period. Marshall Wace LLP purchased a new position in shares of Suzano during the 2nd quarter worth approximately $9,310,000. Finally, Sagil Capital LLP acquired a new stake in shares of Suzano in the 2nd quarter valued at approximately $6,324,000. Hedge funds and other institutional investors own 2.55% of the company's stock.
Suzano Price Performance
Shares of Suzano stock traded down $0.03 during trading on Tuesday, reaching $10.14. The company's stock had a trading volume of 683,464 shares, compared to its average volume of 1,282,733. The business has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.02. The company has a market capitalization of $13.43 billion, a P/E ratio of 16.10 and a beta of 0.94. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. Suzano S.A. has a 12-month low of $8.78 and a 12-month high of $12.98.
Suzano Cuts Dividend
The business also recently declared an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a $0.3366 dividend. The ex-dividend date is Wednesday, December 18th. This represents a dividend yield of 1.6%. Suzano's dividend payout ratio is presently 42.86%.
Suzano Profile
(
Free Report)
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.
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