Point72 Asset Management L.P. Acquires 203,621 Shares of Suzano S.A. (NYSE:SUZ)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in Suzano by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company's stock valued at $126,000 after purchasing an additional 1,155 shares during the last quarter. Lindbrook Capital LLC lifted its stake in 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 last quarter. Quantinno Capital Management LP lifted its stake in Suzano by 8.7% in the 4th quarter. Quantinno Capital Management LP now owns 16,325 shares of the company's stock valued at $165,000 after purchasing an additional 1,312 shares during the last quarter. US Bancorp DE lifted its stake in Suzano by 20.3% in the 4th quarter. US Bancorp DE now owns 9,177 shares of the company's stock valued at $93,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Suzano by 28.9% in the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company's stock valued at $81,000 after purchasing an additional 1,787 shares during the last quarter. Institutional investors own 2.55% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.

Suzano Price Performance

NYSE:SUZ traded down $0.03 on Friday, hitting $9.38. The company had a trading volume of 1,192,048 shares, compared to its average volume of 1,800,255. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 14.88 and a beta of 0.94. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81. The firm has a 50 day moving average of $9.13 and a two-hundred day moving average of $9.84. Suzano S.A. has a 52 week low of $8.41 and a 52 week 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 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. On average, research analysts anticipate that Suzano S.A. will post 1.93 earnings per share for the current year.

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.