Principal Financial Group Inc. Has $1.68 Million Holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ)

Principal Financial Group Inc. grew its stake in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 38.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,167 shares of the company's stock after purchasing an additional 50,435 shares during the quarter. Principal Financial Group Inc.'s holdings in Suzano were worth $1,683,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SUZ. Millennium Management LLC grew its holdings in Suzano by 45,596.6% in the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock worth $46,795,000 after buying an additional 4,613,917 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Suzano by 465.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock worth $37,242,000 after buying an additional 3,029,016 shares in the last quarter. Atlas FRM LLC grew its holdings in Suzano by 13.1% in the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock worth $175,278,000 after buying an additional 2,000,000 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Suzano by 261.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company's stock worth $21,557,000 after buying an additional 1,540,864 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in Suzano by 605.7% in the 4th quarter. Two Sigma Investments LP now owns 1,029,559 shares of the company's stock worth $10,419,000 after buying an additional 883,662 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Stock Performance

NYSE SUZ traded up $0.19 during midday trading on Wednesday, hitting $9.39. The company had a trading volume of 1,715,167 shares, compared to its average volume of 1,766,314. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 2.27. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of -67.03, a P/E/G ratio of 0.09 and a beta of 0.94. The firm has a fifty day simple moving average of $9.31 and a two-hundred day simple moving average of $9.53. Suzano S.A. Sponsored ADR has a fifty-two week low of $8.41 and a fifty-two week high of $10.98.

Suzano (NYSE:SUZ - Get Free Report) last issued 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). Suzano had a negative net margin of 2.43% and a negative return on equity of 3.08%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $11.82 billion. Equities analysts forecast that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SUZ has been the subject of a number of research reports. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a research note on Friday, June 13th. Wall Street Zen raised Suzano from a "hold" rating to a "buy" rating in a research report on Monday. Finally, UBS Group raised Suzano to a "strong-buy" rating in a research 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.