Cubist Systematic Strategies LLC Has $12.81 Million Position in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Suzano S.A. by 467.3% in the first quarter, owning approximately 1.38 million shares valued at $12.8 million.
• Recent analyst reports have led to varying ratings for Suzano, with Goldman Sachs upgrading it to a buy and Zacks Research rating it as a strong buy.
• Suzano's current stock price is $9.73, with a market cap of $12.88 billion and a P/E ratio of 8.61.

Cubist Systematic Strategies LLC boosted its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 467.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,379,355 shares of the company's stock after buying an additional 1,136,226 shares during the quarter. Cubist Systematic Strategies LLC owned 0.10% of Suzano worth $12,814,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Suzano by 10.6% during the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock valued at $126,000 after buying an additional 1,155 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Suzano by 8.7% during the fourth quarter. Quantinno Capital Management LP now owns 16,325 shares of the company's stock valued at $165,000 after buying an additional 1,312 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Suzano during the first quarter worth approximately $28,000. Mariner LLC boosted its holdings in Suzano by 29.1% during the fourth quarter. Mariner LLC now owns 13,326 shares of the company's stock worth $135,000 after buying an additional 3,006 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Suzano by 43.2% during the fourth quarter. Jane Street Group LLC now owns 22,732 shares of the company's stock worth $230,000 after buying an additional 6,858 shares in the last quarter. Institutional investors own 2.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SUZ shares. The Goldman Sachs Group upgraded shares of Suzano from a "neutral" rating to a "buy" rating in a report on Friday, June 13th. Wall Street Zen cut shares of Suzano from a "buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, Zacks Research upgraded shares of Suzano to a "strong-buy" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Suzano presently has an average rating of "Strong Buy".

Suzano Stock Down 0.4%

Shares of NYSE:SUZ traded down $0.04 during trading on Thursday, reaching $9.52. 2,936,191 shares of the company traded hands, compared to its average volume of 1,858,240. The firm has a fifty day simple moving average of $9.49 and a 200 day simple moving average of $9.37. The firm has a market cap of $12.60 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85. Suzano S.A. Sponsored ADR has a 1-year low of $8.41 and a 1-year high of $10.98. 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 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.