Cubist Systematic Strategies LLC Increases Stock Holdings in Suzano S.A. (NYSE:SUZ)

Cubist Systematic Strategies LLC lifted its stake in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 230.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 243,129 shares of the company's stock after buying an additional 169,644 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Suzano were worth $2,460,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bridgefront Capital LLC purchased a new stake in shares of Suzano during the 4th quarter valued at about $129,000. Balyasny Asset Management L.P. raised its holdings in shares of Suzano by 1,036.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,874 shares of the company's stock valued at $7,336,000 after buying an additional 661,092 shares during the period. BNP Paribas Financial Markets grew its stake in Suzano by 671.7% during the 4th quarter. BNP Paribas Financial Markets now owns 199,049 shares of the company's stock valued at $2,014,000 after purchasing an additional 173,257 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Suzano by 10.6% during the 4th quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock worth $126,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in Suzano by 465.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock worth $37,242,000 after purchasing an additional 3,029,016 shares during the last quarter. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Suzano to a "strong-buy" rating in a report on Thursday, April 10th.

Suzano Price Performance

SUZ stock opened at $8.91 on Monday. The stock's 50 day moving average is $9.14 and its two-hundred day moving average is $9.89. The company has a market capitalization of $11.80 billion, a PE ratio of 14.14 and a beta of 0.94. Suzano S.A. has a 52-week low of $8.41 and a 52-week high of $10.98. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81.

Suzano (NYSE:SUZ - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. Analysts predict that Suzano S.A. will post 1.93 earnings per share for the current fiscal year.

Suzano Company Profile

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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