Suzano S.A. (NYSE:SUZ - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $8.74 and last traded at $8.77, with a volume of 147091 shares trading hands. The stock had previously closed at $9.10.
Suzano Price Performance
The firm has a market capitalization of $11.90 billion, a PE ratio of 14.24 and a beta of 0.88. The firm's fifty day moving average price is $9.73 and its 200 day moving average price is $10.05. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81.
Institutional Investors Weigh In On Suzano
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in shares of Suzano in the 3rd quarter valued at about $810,000. Constellation Investimentos e Participacoes Ltda lifted its holdings in Suzano by 132.3% in the fourth quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company's stock valued at $4,335,000 after acquiring an additional 244,000 shares during the period. State Street Corp boosted its position in Suzano by 14.1% in the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company's stock worth $45,978,000 after purchasing an additional 568,618 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Suzano by 58.2% during the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company's stock worth $28,000 after purchasing an additional 1,027 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Suzano during the 3rd quarter valued at approximately $107,000. 2.55% of the stock is owned by institutional investors and hedge funds.
About Suzano
(
Get 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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