Kapitalo Investimentos Ltda Raises Stock Holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ)

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 increased its position in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,597 shares of the company's stock after purchasing an additional 107,063 shares during the period. Suzano accounts for 0.8% of Kapitalo Investimentos Ltda's portfolio, making the stock its 24th biggest position. Kapitalo Investimentos Ltda's holdings in Suzano were worth $4,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Suzano by 38.6% in the first quarter. Principal Financial Group Inc. now owns 181,167 shares of the company's stock worth $1,683,000 after purchasing an additional 50,435 shares during the period. Waterfront Wealth Inc. grew its stake in Suzano by 5.5% in the first quarter. Waterfront Wealth Inc. now owns 310,783 shares of the company's stock worth $2,887,000 after purchasing an additional 16,154 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Suzano in the first quarter worth $517,000. Financial Management Professionals Inc. purchased a new stake in Suzano in the first quarter worth $28,000. Finally, GAMMA Investing LLC grew its stake 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 purchasing an additional 8,701 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Price Performance

SUZ opened at $9.47 on Friday. The stock has a 50-day moving average price of $9.31 and a 200-day moving average price of $9.51. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.61 and a quick ratio of 1.96. The firm has a market cap of $12.53 billion, a PE ratio of -67.60, a P/E/G ratio of 0.09 and a beta of 0.94. Suzano S.A. Sponsored ADR has a 1 year low of $8.41 and a 1 year high of $10.98.

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

Wall Street Analysts Forecast Growth

SUZ has been the topic of several recent research reports. Wall Street Zen raised Suzano from a "hold" rating to a "buy" rating in a research note on Monday, July 21st. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. Finally, UBS Group raised Suzano to a "strong-buy" rating in a report on Thursday, April 10th.

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.

Want to see what other hedge funds are holding SUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.