Carrera Capital Advisors Takes $1.23 Million Position in 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 Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 132,697 shares of the company's stock, valued at approximately $1,233,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atlas FRM LLC lifted its stake in shares of Suzano by 13.1% in the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock worth $175,278,000 after buying an additional 2,000,000 shares during the last quarter. Millennium Management LLC boosted its holdings in Suzano by 45,596.6% in the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock valued at $46,795,000 after purchasing an additional 4,613,917 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Suzano by 465.3% in 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Suzano by 261.5% in the 4th 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, Marshall Wace LLP boosted its holdings in Suzano by 111.7% in 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 period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Trading Up 1.1%

Shares of SUZ stock opened at $9.47 on Friday. Suzano S.A. Sponsored ADR has a 52-week low of $8.41 and a 52-week high of $10.98. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of -67.60, a P/E/G ratio of 0.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.96 and a current ratio of 2.61. The firm has a fifty day moving average of $9.31 and a 200-day moving average of $9.51.

Suzano (NYSE:SUZ - Get Free Report) last announced 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 firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative return on equity of 3.08% and a negative net margin of 2.43%. On average, equities research analysts forecast that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on SUZ shares. The Goldman Sachs Group raised shares of Suzano from a "neutral" rating to a "buy" rating in a report on Friday, June 13th. UBS Group raised shares of Suzano to a "strong-buy" rating in a report on Thursday, April 10th. Finally, Wall Street Zen raised shares of Suzano from a "hold" rating to a "buy" rating in a report on Monday, July 21st.

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.

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