DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Raises Holdings in Suzano S.A. (NYSE:SUZ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Suzano S.A. (NYSE:SUZ - Free Report) by 261.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,130,093 shares of the company's stock after buying an additional 1,540,864 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.16% of Suzano worth $21,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SUZ. Atlas FRM LLC increased its stake in Suzano by 13.1% during the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock worth $175,278,000 after acquiring an additional 2,000,000 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Suzano by 465.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock valued at $37,242,000 after purchasing an additional 3,029,016 shares during the last quarter. Marshall Wace LLP increased its position in shares of Suzano by 111.7% during the 4th quarter. Marshall Wace LLP now owns 1,058,200 shares of the company's stock valued at $10,709,000 after purchasing an additional 558,224 shares during the last quarter. American Century Companies Inc. raised its holdings in Suzano by 5.8% during the 4th quarter. American Century Companies Inc. now owns 932,954 shares of the company's stock valued at $9,441,000 after buying an additional 50,971 shares during the period. Finally, Ranmore Fund Management Ltd bought a new stake in Suzano in the fourth quarter worth $8,022,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Trading Up 2.8%

SUZ traded up $0.26 during trading hours on Tuesday, reaching $9.49. 2,349,504 shares of the company's stock traded hands, compared to its average volume of 1,908,806. The firm has a 50-day moving average price of $9.13 and a 200 day moving average price of $9.88. The firm has a market capitalization of $12.57 billion, a PE ratio of 15.06 and a beta of 0.94. 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 S.A. has a 52-week low of $8.41 and a 52-week high of $10.98.

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

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.

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.