Arkfeld Wealth Strategies L.L.C. Has $424,000 Stake in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Arkfeld Wealth Strategies L.L.C. reduced its holdings in Suzano S.A. by 49.6%, selling 44,748 shares to own 45,535 shares worth $424,000 at the end of the last quarter.
• Institutional investor interest in Suzano has varied, with notable acquisitions from firms like MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and GAMMA Investing LLC., indicating ongoing investment activity.
• Suzano's stock has fluctuated between a 1-year low of $8.41 and a 1-year high of $10.98, with the current market cap standing at $12.66 billion and a PE ratio of 8.46.

Arkfeld Wealth Strategies L.L.C. trimmed its position in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 49.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,535 shares of the company's stock after selling 44,748 shares during the period. Arkfeld Wealth Strategies L.L.C.'s holdings in Suzano were worth $424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Suzano by 14.5% during 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 during the period. Jane Street Group LLC raised 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 valued at $769,000 after purchasing an additional 60,028 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Suzano by 16.2% in the 1st 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 period. Amundi acquired a new stake in shares of Suzano in the 1st quarter valued at about $177,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Suzano by 467.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 1,379,355 shares of the company's stock valued at $12,814,000 after purchasing an additional 1,136,226 shares during the period. 2.55% of the stock is currently owned by institutional investors.

Suzano Price Performance

Shares of NYSE:SUZ traded up $0.20 during trading on Tuesday, hitting $9.63. 348,757 shares of the company were exchanged, compared to its average volume of 1,816,151. The business's 50 day moving average is $9.55 and its 200-day moving average is $9.34. The company has a market capitalization of $12.76 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.09 and a beta of 0.85. The company has a quick ratio of 2.48, a current ratio of 3.16 and a debt-to-equity ratio of 2.05. Suzano S.A. Sponsored ADR has a 1-year low of $8.41 and a 1-year high of $10.98.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research downgraded Suzano from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen downgraded Suzano from a "buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Suzano presently has an average rating of "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.