Carrera Capital Advisors Buys Shares of 132,697 Suzano S.A. Sponsored ADR (NYSE:SUZ)

Key Points

• Carrera Capital Advisors has acquired a new position in Suzano S.A. Sponsored ADR, investing approximately $1.23 million to purchase 132,697 shares in the first quarter.
• Several institutional investors have significantly increased their stakes in Suzano, including Millennium Management, which boosted its holdings by an extraordinary 45,596.6%.
• Suzano's recent earnings report revealed $0.87 earnings per share, falling short of analysts' expectations, with a revenue of $2.03 billion against a forecasted $11.82 billion.

Carrera Capital Advisors acquired a new position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 132,697 shares of the company's stock, valued at approximately $1,233,000.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Suzano by 10.6% in 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 in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Suzano by 8.7% in the 4th quarter. Quantinno Capital Management LP now owns 16,325 shares of the company's stock worth $165,000 after purchasing an additional 1,312 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in shares of Suzano by 17.3% in the 4th quarter. OLD Mission Capital LLC now owns 12,488 shares of the company's stock worth $126,000 after purchasing an additional 1,843 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Suzano by 14.5% in the 4th quarter. Quadrant Capital Group LLC now owns 14,771 shares of the company's stock worth $149,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Suzano during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Stock Down 1.3%

NYSE:SUZ traded down $0.13 during trading hours on Thursday, hitting $9.28. 1,923,535 shares of the company traded hands, compared to its average volume of 1,893,987. Suzano S.A. Sponsored ADR has a one year low of $8.41 and a one year high of $10.98. The firm's 50-day simple moving average is $9.30 and its 200-day simple moving average is $9.50. The company has a market cap of $12.28 billion, a PE ratio of -66.32, a PEG ratio of 0.09 and a beta of 0.94. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 2.27.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings data 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). Suzano had a negative net margin of 2.43% and a negative return on equity of 3.08%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. Equities analysts predict that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SUZ shares. UBS Group upgraded Suzano to a "strong-buy" rating in a research note on Thursday, April 10th. The Goldman Sachs Group upgraded Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. Finally, Wall Street Zen cut Suzano from a "buy" rating to a "hold" rating in a research note on Tuesday.

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.