Itau Unibanco Holding S.A. Has $6.67 Million Stake in Suzano S.A. (NYSE:SUZ)

Itau Unibanco Holding S.A. reduced its position in Suzano S.A. (NYSE:SUZ - Free Report) by 59.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 651,041 shares of the company's stock after selling 973,071 shares during the period. Itau Unibanco Holding S.A.'s holdings in Suzano were worth $6,672,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Suzano by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company's stock worth $100,000 after purchasing an additional 1,222 shares during the last quarter. Caprock Group LLC acquired a new position in Suzano in the 2nd quarter worth about $103,000. Choreo LLC acquired a new position in Suzano in the 2nd quarter worth about $128,000. Ballentine Partners LLC acquired a new position in Suzano in the 1st quarter worth about $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Suzano in the 1st quarter worth about $183,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Down 2.5 %

SUZ stock traded down $0.24 during mid-day trading on Friday, hitting $9.44. The stock had a trading volume of 1,052,423 shares, compared to its average volume of 1,904,646. The company has a current ratio of 2.48, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00. Suzano S.A. has a 1-year low of $8.78 and a 1-year high of $12.98. The company has a fifty day moving average of $9.74 and a 200 day moving average of $10.40. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 6.74 and a beta of 0.99.

Suzano (NYSE:SUZ - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.56) EPS for the quarter. The company had revenue of $2.21 billion for the quarter. Suzano had a net margin of 1.05% and a return on equity of 0.98%. On average, equities analysts expect that Suzano S.A. will post 1.41 EPS for the current fiscal year.

About Suzano

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.