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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atlas FRM LLC raised its position in shares of 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 buying an additional 2,000,000 shares during the last quarter. Millennium Management LLC increased its position in Suzano by 45,596.6% in the fourth quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock worth $46,795,000 after purchasing an additional 4,613,917 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Suzano by 465.3% in the fourth 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Suzano by 261.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company's stock worth $21,557,000 after purchasing an additional 1,540,864 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Suzano by 25.2% in the first quarter. American Century Companies Inc. now owns 1,168,436 shares of the company's stock worth $10,855,000 after purchasing an additional 235,482 shares during the last quarter. Institutional investors own 2.55% of the company's stock.

Suzano Trading Down 1.0%

NYSE SUZ traded down $0.10 on Friday, hitting $9.73. 933,266 shares of the stock were exchanged, compared to its average volume of 1,574,323. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. The stock has a fifty day moving average price of $9.47 and a two-hundred day moving average price of $9.38. The firm has a market capitalization of $12.88 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.10 and a beta of 0.89. Suzano S.A. Sponsored ADR has a 52-week low of $8.41 and a 52-week high of $10.98.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SUZ. Wall Street Zen cut 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 investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.