Point72 Asset Management L.P. Has $2.88 Million Stock Position in Suzano S.A. (NYSE:SUZ)

Point72 Asset Management L.P. boosted its holdings in Suzano S.A. (NYSE:SUZ - Free Report) by 251.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,599 shares of the company's stock after acquiring an additional 203,621 shares during the quarter. Point72 Asset Management L.P.'s holdings in Suzano were worth $2,880,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its stake in shares of Suzano by 69.2% in the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock valued at $30,000 after purchasing an additional 1,229 shares during the period. Blue Trust Inc. boosted its stake in Suzano by 222.7% in the 4th quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock valued at $67,000 after buying an additional 4,549 shares in the last quarter. Signaturefd LLC grew its position in Suzano by 28.9% in the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock valued at $81,000 after acquiring an additional 1,787 shares during the period. US Bancorp DE raised its stake in Suzano by 20.3% during the fourth quarter. US Bancorp DE now owns 9,177 shares of the company's stock worth $93,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Suzano during the fourth quarter valued at $109,000. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Price Performance

Suzano stock traded down $0.03 during trading hours on Monday, hitting $9.38. 1,192,048 shares of the stock were exchanged, compared to its average volume of 1,791,025. The stock has a market capitalization of $12.41 billion, a P/E ratio of 14.88 and a beta of 0.94. The business's 50-day moving average is $9.12 and its two-hundred day moving average is $9.82. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72. Suzano S.A. has a 12 month low of $8.41 and a 12 month high of $10.98.

Suzano (NYSE:SUZ - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. Equities research analysts expect that Suzano S.A. will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note 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.