Kapitalo Investimentos Ltda Has $6.55 Million Position in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Kapitalo Investimentos Ltda increased its stake in Suzano S.A. by 57.9% during the second quarter, owning 695,916 shares valued at approximately $6.55 million.
• Wall Street analysts have mixed ratings on Suzano, with Zacks Research lowering its rating to "hold" while Goldman Sachs upgraded it to "buy".
• Suzano's stock is currently trading at $9.54, with a market cap of $12.63 billion and a price-to-earnings ratio of 8.44.

Kapitalo Investimentos Ltda raised its stake in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 57.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 695,916 shares of the company's stock after acquiring an additional 255,319 shares during the period. Suzano accounts for about 1.4% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 17th biggest holding. Kapitalo Investimentos Ltda owned about 0.05% of Suzano worth $6,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new stake in Suzano in the 1st quarter valued at $517,000. Principal Financial Group Inc. boosted its holdings in Suzano by 38.6% in the 1st quarter. Principal Financial Group Inc. now owns 181,167 shares of the company's stock valued at $1,683,000 after purchasing an additional 50,435 shares during the period. Ameriprise Financial Inc. grew its position in Suzano by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock valued at $126,000 after acquiring an additional 1,155 shares during the last quarter. Deutsche Bank AG raised its position in shares of Suzano by 209.7% during the first quarter. Deutsche Bank AG now owns 210,873 shares of the company's stock worth $1,959,000 after acquiring an additional 142,781 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Suzano by 311.8% during the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock valued at $107,000 after acquiring an additional 8,701 shares in the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Performance

Suzano stock traded down $0.08 during trading hours on Monday, reaching $9.46. 1,564,888 shares of the stock were exchanged, compared to its average volume of 1,285,899. The firm's 50 day moving average is $9.55 and its 200 day moving average is $9.34. The stock has a market cap of $12.52 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.09 and a beta of 0.85. Suzano S.A. Sponsored ADR has a 52-week low of $8.41 and a 52-week high of $10.98. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SUZ. Wall Street Zen cut shares of Suzano from a "buy" rating to a "hold" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a report on Friday, June 13th. Finally, Zacks Research downgraded Suzano from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Suzano presently has an average rating of "Buy".

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.