SG Americas Securities LLC Purchases Shares of 529,300 Suzano S.A. Sponsored ADR $SUZ

Key Points

• SG Americas Securities LLC acquired a new position of 529,300 shares in Suzano ADR during Q4, valued at approximately $4.94 million.
• Analysts have a consensus rating of "Moderate Buy" on SUZ with an average price target of $13.40, reflecting mixed coverage (1 Strong Buy, 2 Buy, 2 Hold) including a Jefferies buy initiation.
• Suzano recently beat quarterly expectations (EPS $0.02 vs. -$0.09) and currently trades at a low valuation (PE 5.34) with a market capitalization of about $12.52 billion.

SG Americas Securities LLC acquired a new position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 529,300 shares of the company's stock, valued at approximately $4,944,000.

Several other hedge funds have also modified their holdings of SUZ. Principal Financial Group Inc. raised its stake in Suzano by 274.1% during the third quarter. Principal Financial Group Inc. now owns 371,468 shares of the company's stock worth $3,492,000 after purchasing an additional 272,168 shares during the period. American Century Companies Inc. grew its stake in shares of Suzano by 36.2% during the 2nd quarter. American Century Companies Inc. now owns 1,591,333 shares of the company's stock valued at $14,974,000 after buying an additional 422,897 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Suzano by 2,036.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 230,742 shares of the company's stock worth $2,164,000 after buying an additional 219,942 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Suzano during the 3rd quarter worth $6,413,000. Finally, Compass Rose Asset Management LP purchased a new position in shares of Suzano in the 3rd quarter worth $9,917,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SUZ has been the topic of a number of research analyst reports. Zacks Research cut Suzano from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Weiss Ratings restated a "hold (c)" rating on shares of Suzano in a report on Friday, March 27th. Finally, Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They issued a "buy" rating and a $13.40 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.40.

Suzano Stock Performance

Shares of SUZ stock opened at $10.10 on Thursday. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.27. The company has a market cap of $12.52 billion, a PE ratio of 5.34, a P/E/G ratio of 0.20 and a beta of 0.67. The company's fifty day simple moving average is $10.28 and its 200-day simple moving average is $9.58. Suzano S.A. Sponsored ADR has a 52 week low of $8.41 and a 52 week high of $11.53.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.30 billion. As a group, equities research analysts anticipate that Suzano S.A. Sponsored ADR will post 1.93 EPS for the current year.

Suzano Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world's leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano's business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.

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