Deltec Asset Management LLC lowered its stake in Suzano S.A. (NYSE:SUZ - Free Report) by 76.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,700 shares of the company's stock after selling 50,000 shares during the quarter. Deltec Asset Management LLC's holdings in Suzano were worth $157,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company's stock worth $100,000 after buying an additional 1,222 shares during the last quarter. Creative Planning increased its holdings in shares of Suzano by 4.7% during the 2nd quarter. Creative Planning now owns 47,191 shares of the company's stock worth $485,000 after acquiring an additional 2,128 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in Suzano in the 3rd quarter valued at $25,000. QRG Capital Management Inc. raised its stake in Suzano by 48.7% in the 1st quarter. QRG Capital Management Inc. now owns 22,486 shares of the company's stock valued at $287,000 after acquiring an additional 7,367 shares during the period. Finally, Caprock Group LLC acquired a new stake in Suzano during the 2nd quarter valued at $103,000. Institutional investors own 2.55% of the company's stock.
Suzano Stock Performance
Shares of NYSE:SUZ traded up $0.09 on Wednesday, hitting $10.43. The company had a trading volume of 1,280,120 shares, compared to its average volume of 1,826,387. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 7.40 and a beta of 0.98. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.94. Suzano S.A. has a 1-year low of $8.78 and a 1-year high of $12.98. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 1.92.
Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.56) EPS for the quarter. The company had revenue of $2.21 billion during the quarter. Suzano had a net margin of 9.69% and a return on equity of 9.80%. Analysts expect that Suzano S.A. will post 3.49 EPS for the current year.
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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