Kapitalo Investimentos Ltda Purchases 310,283 Shares of Suzano S.A. Sponsored ADR $SUZ

Kapitalo Investimentos Ltda raised its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 39.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,733 shares of the company’s stock after acquiring an additional 310,283 shares during the period. Suzano makes up approximately 2.1% of Kapitalo Investimentos Ltda’s holdings, making the stock its 16th biggest holding. Kapitalo Investimentos Ltda’s holdings in Suzano were worth $10,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Amundi purchased a new stake in Suzano during the first quarter valued at $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after buying an additional 70,396 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Suzano by 264.1% in the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock worth $769,000 after buying an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock worth $2,312,000 after buying an additional 128,455 shares during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Up 0.2%

Shares of SUZ opened at $8.22 on Tuesday. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $8.17 and a 200 day moving average of $9.27. The company has a market cap of $10.20 billion, a PE ratio of 4.90, a P/E/G ratio of 0.13 and a beta of 0.56. Suzano S.A. Sponsored ADR has a 52-week low of $7.55 and a 52-week high of $11.53.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Suzano from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Weiss Ratings cut Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Suzano Company Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.