Suzano S.A. Sponsored ADR (NYSE:SUZ) Stake Lifted by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda increased its stake in Suzano S.A. by 32.1%, owning 440,597 shares after purchasing an additional 107,063 shares in the first quarter.
• Other institutional investors also raised their stakes, with Principal Financial Group Inc. growing its investment by 38.6% during the same period.
• Suzano reported earnings per share (EPS) of $0.87 for the last quarter, missing estimates by $0.01, with a revenue of $2.03 billion significantly below the expected $11.82 billion.

Kapitalo Investimentos Ltda raised its position in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 32.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,597 shares of the company's stock after buying an additional 107,063 shares during the period. Suzano makes up about 0.8% of Kapitalo Investimentos Ltda's holdings, making the stock its 24th biggest holding. Kapitalo Investimentos Ltda's holdings in Suzano were worth $4,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Suzano by 5.8% during the fourth quarter. American Century Companies Inc. now owns 932,954 shares of the company's stock worth $9,441,000 after acquiring an additional 50,971 shares during the period. JPMorgan Chase & Co. raised its stake in Suzano by 6,335.9% during the fourth quarter. JPMorgan Chase & Co. now owns 117,327 shares of the company's stock worth $1,187,000 after acquiring an additional 115,504 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Suzano by 6.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 69,383 shares of the company's stock worth $702,000 after acquiring an additional 4,495 shares during the period. OLD Mission Capital LLC raised its stake in Suzano by 17.3% during the fourth quarter. OLD Mission Capital LLC now owns 12,488 shares of the company's stock worth $126,000 after acquiring an additional 1,843 shares during the period. Finally, Headlands Technologies LLC raised its stake in Suzano by 156.3% during the fourth quarter. Headlands Technologies LLC now owns 17,721 shares of the company's stock worth $179,000 after acquiring an additional 10,806 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Performance

Shares of NYSE:SUZ traded down $0.17 during trading hours on Wednesday, hitting $9.18. The stock had a trading volume of 559,558 shares, compared to its average volume of 1,857,145. The stock's fifty day simple moving average is $9.31 and its 200 day simple moving average is $9.50. Suzano S.A. Sponsored ADR has a 1-year low of $8.41 and a 1-year high of $10.98. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of -65.67, a PEG ratio of 0.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.96 and a current ratio of 2.61.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative net margin of 2.43% and a negative return on equity of 3.08%. Sell-side analysts anticipate that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. Wall Street Zen lowered shares of Suzano from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.

Suzano Company 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.