Groupama Asset Managment Buys New Position 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 bought a new position in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,685 shares of the company's stock, valued at approximately $275,000.

Other large investors have also bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Suzano in the first quarter worth about $28,000. GAMMA Investing LLC raised its holdings in Suzano by 311.8% in the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock worth $107,000 after buying an additional 8,701 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Suzano by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock worth $126,000 after buying an additional 1,155 shares during the last quarter. Bridgefront Capital LLC purchased a new position in Suzano in the fourth quarter worth about $129,000. Finally, Mariner LLC raised its holdings in Suzano by 29.1% in 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 during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Performance

Shares of SUZ traded up $0.3270 during mid-day trading on Friday, hitting $9.9070. 1,526,996 shares of the company traded hands, compared to its average volume of 1,965,729. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. The stock has a 50-day moving average price of $9.45 and a two-hundred day moving average price of $9.40. Suzano S.A. Sponsored ADR has a 1 year low of $8.41 and a 1 year high of $10.98. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 0.10 and a beta of 0.89.

Analysts Set New Price Targets

Several brokerages have issued reports on SUZ. Zacks Research raised shares of Suzano to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen cut 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. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Strong 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.