Quantbot Technologies LP Acquires Shares of 69,931 Suzano S.A. Sponsored ADR $SUZ

Key Points

• Quantbot Technologies LP has acquired 69,931 shares of Suzano S.A. Sponsored ADR, with an investment valued at approximately $650,000.
• Several institutional investors have significantly increased their holdings in Suzano, with Millennium Management LLC raising its stake by over 45,596%, now owning over $46 million in shares.
• Suzano's stock has a current market capitalization of $13.12 billion and received a mix of ratings from analysts, with some upgrades to "strong-buy" status.

Quantbot Technologies LP acquired a new position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 69,931 shares of the company's stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also made changes to their positions in SUZ. Millennium Management LLC lifted its stake in shares of Suzano by 45,596.6% during the fourth quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock worth $46,795,000 after buying an additional 4,613,917 shares during the period. Itau Unibanco Holding S.A. lifted its position in Suzano by 465.3% during the fourth 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 period. Atlas FRM LLC lifted its position in Suzano by 13.1% during the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock valued at $175,278,000 after purchasing an additional 2,000,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Suzano by 261.5% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company's stock valued at $21,557,000 after purchasing an additional 1,540,864 shares during the period. Finally, Two Sigma Investments LP lifted its position in Suzano by 605.7% during the fourth quarter. Two Sigma Investments LP now owns 1,029,559 shares of the company's stock valued at $10,419,000 after purchasing an additional 883,662 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Performance

SUZ traded up $0.03 on Thursday, reaching $9.83. The stock had a trading volume of 893,311 shares, compared to its average volume of 1,860,172. Suzano S.A. Sponsored ADR has a 12-month low of $8.41 and a 12-month high of $10.98. The company has a current ratio of 3.16, a quick ratio of 2.48 and a debt-to-equity ratio of 2.05. The business's 50-day moving average price is $9.46 and its two-hundred day moving average price is $9.39. The company has a market cap of $13.01 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.10 and a beta of 0.89.

Analyst Ratings Changes

SUZ has been the subject of a number of research reports. Wall Street Zen downgraded shares of Suzano from a "buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Zacks Research upgraded shares of Suzano to a "strong-buy" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group upgraded shares of Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Buy".

Suzano 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.