Goldman Sachs Group Inc. Has $5.18 Million Stake in 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. boosted its stake in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 14.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 557,366 shares of the company's stock after purchasing an additional 70,396 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Suzano were worth $5,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its position in shares of Suzano by 467.3% during the first quarter. Cubist Systematic Strategies LLC now owns 1,379,355 shares of the company's stock worth $12,814,000 after buying an additional 1,136,226 shares during the period. Two Sigma Investments LP boosted its position in shares of Suzano by 605.7% during the fourth quarter. Two Sigma Investments LP now owns 1,029,559 shares of the company's stock worth $10,419,000 after buying an additional 883,662 shares during the period. Two Sigma Advisers LP boosted its position in shares of Suzano by 826.0% during the fourth quarter. Two Sigma Advisers LP now owns 634,300 shares of the company's stock worth $6,419,000 after buying an additional 565,800 shares during the period. American Century Companies Inc. boosted its position in shares of Suzano by 25.2% during the first quarter. American Century Companies Inc. now owns 1,168,436 shares of the company's stock worth $10,855,000 after buying an additional 235,482 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of Suzano by 251.5% during the fourth quarter. Point72 Asset Management L.P. now owns 284,599 shares of the company's stock worth $2,880,000 after buying an additional 203,621 shares during the period. Institutional investors own 2.55% of the company's stock.

Suzano Price Performance

Suzano stock traded down $0.06 during mid-day trading on Friday, reaching $9.52. 1,172,823 shares of the company were exchanged, compared to its average volume of 1,823,040. The company has a fifty day simple moving average of $9.53 and a 200-day simple moving average of $9.34. Suzano S.A. Sponsored ADR has a 12 month low of $8.41 and a 12 month high of $10.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.16 and a quick ratio of 2.48. The firm has a market cap of $12.60 billion, a PE ratio of 8.42, a PEG ratio of 0.09 and a beta of 0.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SUZ shares. Wall Street Zen cut Suzano from a "buy" rating to a "hold" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. Finally, Zacks Research lowered Suzano from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. 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 stock. According to data from MarketBeat.com, Suzano presently has an average rating of "Buy".

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.