Metis Global Partners LLC Grows Holdings in Suzano S.A. (NYSE:SUZ)

Metis Global Partners LLC boosted its holdings in Suzano S.A. (NYSE:SUZ - Free Report) by 69.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,379 shares of the company's stock after buying an additional 63,231 shares during the quarter. Metis Global Partners LLC's holdings in Suzano were worth $1,544,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. increased its position in shares of Suzano by 48.7% during the 1st quarter. QRG Capital Management Inc. now owns 22,486 shares of the company's stock valued at $287,000 after purchasing an additional 7,367 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Suzano by 44.0% during the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company's stock valued at $8,278,000 after purchasing an additional 198,068 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Suzano during the 2nd quarter valued at about $1,097,000. Deltec Asset Management LLC purchased a new stake in shares of Suzano during the 2nd quarter valued at about $675,000. Finally, Van ECK Associates Corp increased its position in shares of Suzano by 26.1% during the 2nd quarter. Van ECK Associates Corp now owns 53,403 shares of the company's stock valued at $548,000 after purchasing an additional 11,059 shares during the last quarter. Hedge funds and other institutional investors own 2.55% of the company's stock.

Suzano Stock Performance

Shares of NYSE SUZ traded up $0.15 during midday trading on Friday, hitting $10.64. 1,473,801 shares of the company's stock traded hands, compared to its average volume of 1,363,831. Suzano S.A. has a 1 year low of $8.78 and a 1 year high of $12.98. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 16.89 and a beta of 0.98. 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 firm has a fifty day moving average of $10.00 and a 200 day moving average of $9.84.

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.