Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in Suzano S.A. Sponsored ADR by 94.6%, now holding just 37,887 shares valued at $357,000.
• Several other investors have increased their positions in Suzano, with Kapitalo Investimentos Ltda boosting its stake by 57.9% to approximately $6.5 million.
• Suzano's stock has a one-year low of $8.41 and a high of $10.98, with a current market cap of $11.68 billion and a PE ratio of 7.81.

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 94.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,887 shares of the company's stock after selling 658,886 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Suzano were worth $357,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda grew its stake in Suzano by 57.9% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 695,916 shares of the company's stock valued at $6,549,000 after purchasing an additional 255,319 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Suzano by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company's stock valued at $5,178,000 after purchasing an additional 70,396 shares during the last quarter. Jane Street Group LLC grew its stake in Suzano by 264.1% during the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company's stock valued at $769,000 after purchasing an additional 60,028 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock worth $93,000 after buying an additional 1,400 shares during the last quarter. Finally, Amundi purchased a new stake in shares of Suzano in the first quarter worth about $177,000. Hedge funds and other institutional investors own 2.55% of the company's stock.

Suzano Price Performance

NYSE:SUZ opened at $8.82 on Friday. Suzano S.A. Sponsored ADR has a one year low of $8.41 and a one year 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. The stock has a market cap of $11.68 billion, a PE ratio of 7.81, a P/E/G ratio of 0.08 and a beta of 0.81. The stock has a 50 day moving average price of $9.55 and a 200 day moving average price of $9.32.

Analyst Upgrades and Downgrades

SUZ has been the topic of a number of recent research reports. Wall Street Zen downgraded Suzano from a "buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Suzano in a research note on Wednesday. Zacks Research downgraded Suzano from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, The Goldman Sachs Group upgraded Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Suzano has a consensus rating of "Moderate 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.

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