Goldman Sachs Group Inc. Acquires 70,396 Shares of Suzano S.A. Sponsored ADR $SUZ

Key Points

• Goldman Sachs Group Inc. increased its stake in Suzano S.A. by 14.5% to a total of 557,366 shares, worth approximately $5,178,000.
• Shares of Suzano have received varied ratings from analysts, with Goldman Sachs upgrading it to a "buy", while Zacks and Wall Street Zen have downgraded it to "hold".
• Suzano's stock opened at $9.56, with a market capitalization of $12.66 billion and notable financial ratios indicating stability.

Goldman Sachs Group Inc. increased its holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557,366 shares of the company's stock after acquiring an additional 70,396 shares during the period. Goldman Sachs Group Inc.'s holdings in Suzano were worth $5,178,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its position in Suzano by 467.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 1,379,355 shares of the company's stock worth $12,814,000 after purchasing an additional 1,136,226 shares in the last quarter. American Century Companies Inc. grew its position in shares of Suzano by 25.2% during the 1st quarter. American Century Companies Inc. now owns 1,168,436 shares of the company's stock valued at $10,855,000 after acquiring an additional 235,482 shares during the period. Two Sigma Investments LP grew its position in shares of Suzano by 605.7% during the 4th quarter. Two Sigma Investments LP now owns 1,029,559 shares of the company's stock valued at $10,419,000 after acquiring an additional 883,662 shares during the period. Two Sigma Advisers LP grew its position in shares of Suzano by 826.0% during the 4th quarter. Two Sigma Advisers LP now owns 634,300 shares of the company's stock valued at $6,419,000 after acquiring an additional 565,800 shares during the period. Finally, Kapitalo Investimentos Ltda grew its position in shares of Suzano by 32.1% during the 1st quarter. Kapitalo Investimentos Ltda now owns 440,597 shares of the company's stock valued at $4,093,000 after acquiring an additional 107,063 shares during the period. 2.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Suzano Price Performance

Shares of Suzano stock traded down $0.03 on Friday, hitting $9.54. 1,622,217 shares of the company traded hands, compared to its average volume of 1,281,137. The firm's 50-day simple moving average is $9.54 and its 200 day simple moving average is $9.34. The company has a current ratio of 3.16, a quick ratio of 2.48 and a debt-to-equity ratio of 2.05. The company has a market cap of $12.63 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.09 and a beta of 0.85. Suzano S.A. Sponsored ADR has a 12-month low of $8.41 and a 12-month high of $10.98.

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.