Suzano (NYSE:SUZ) Trading Up 3.7%

Suzano S.A. (NYSE:SUZ) rose 3.7% during trading on Thursday . The company traded as high as $9.81 and last traded at $9.73. Approximately 2,767,320 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,891,681 shares. The stock had previously closed at $9.38.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Suzano from an “underweight” rating to an “equal weight” rating in a report on Monday, May 20th.

Suzano Price Performance

The stock’s fifty day moving average price is $11.50 and its 200-day moving average price is $11.14. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.89 and a quick ratio of 2.36. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 6.79 and a beta of 1.10.

Suzano (NYSE:SUZ) last posted its earnings results on Thursday, May 9th. The company reported $0.03 EPS for the quarter. Suzano had a net margin of 23.84% and a return on equity of 20.82%. The company had revenue of $1.91 billion during the quarter. During the same period in the prior year, the firm earned $0.76 earnings per share. Equities research analysts predict that Suzano S.A. will post 10.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Suzano

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUZ. PNC Financial Services Group Inc. grew its stake 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 in the last quarter. Quadrant Capital Group LLC grew its position in shares of Suzano by 8.7% during the 4th quarter. Quadrant Capital Group LLC now owns 16,264 shares of the company’s stock worth $185,000 after buying an additional 1,304 shares during the period. QRG Capital Management Inc. grew its position in shares of Suzano by 18.0% during the 4th quarter. QRG Capital Management Inc. now owns 15,119 shares of the company’s stock worth $172,000 after buying an additional 2,305 shares during the period. Waterfront Wealth Inc. grew its position in Suzano by 1.3% in the 4th quarter. Waterfront Wealth Inc. now owns 196,969 shares of the company’s stock valued at $2,238,000 after purchasing an additional 2,502 shares during the period. Finally, Metis Global Partners LLC grew its position in Suzano by 9.4% in the 3rd quarter. Metis Global Partners LLC now owns 62,983 shares of the company’s stock valued at $677,000 after purchasing an additional 5,419 shares during the period. 2.55% of the stock is owned by institutional investors.

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.