Groupama Asset Managment Buys New Shares in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Groupama Asset Management has acquired a new position in Suzano S.A., purchasing 29,685 shares valued at approximately $275,000.
• Several hedge funds significantly increased their stakes in Suzano during the fourth quarter, with notable increases including a 45,596.6% rise by Millennium Management LLC.
• Suzano shares are currently rated as a "Strong Buy"** by two analysts, indicating positive sentiment towards the stock.

Groupama Asset Managment acquired a new stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,685 shares of the company's stock, valued at approximately $275,000.

Several other large investors have also recently made changes to their positions in SUZ. Ameriprise Financial Inc. boosted its holdings in shares of Suzano by 10.6% during the 4th 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 grew its stake in shares of Suzano by 8.7% during the 4th quarter. Quantinno Capital Management LP now owns 16,325 shares of the company's stock valued at $165,000 after purchasing an additional 1,312 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Suzano during the 1st quarter valued at approximately $28,000. Mariner LLC grew its stake in shares of Suzano by 29.1% during the 4th quarter. Mariner LLC now owns 13,326 shares of the company's stock valued at $135,000 after acquiring an additional 3,006 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Suzano by 43.2% during the 4th quarter. Jane Street Group LLC now owns 22,732 shares of the company's stock valued at $230,000 after acquiring an additional 6,858 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SUZ has been the topic of a number of recent research reports. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. Zacks Research raised Suzano to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Suzano from a "buy" rating to a "hold" rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Suzano Stock Down 0.4%

Shares of NYSE:SUZ traded down $0.04 during trading on Wednesday, hitting $9.70. The company's stock had a trading volume of 148,406 shares, compared to its average volume of 1,860,697. The stock's 50-day moving average price is $9.45 and its two-hundred day moving average price is $9.39. Suzano S.A. Sponsored ADR has a fifty-two week low of $8.41 and a fifty-two week high of $10.98. The company has a market capitalization of $12.84 billion, a PE ratio of 8.59, a PEG ratio of 0.10 and a beta of 0.89. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16.

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.