Two Sigma Advisers LP Buys 565,800 Shares of Suzano S.A. (NYSE:SUZ)

Two Sigma Advisers LP grew its holdings in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 826.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 634,300 shares of the company's stock after buying an additional 565,800 shares during the period. Two Sigma Advisers LP's holdings in Suzano were worth $6,419,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SUZ. Northern Trust Corp increased its position in Suzano by 67.9% during the 4th quarter. Northern Trust Corp now owns 327,790 shares of the company's stock valued at $3,317,000 after buying an additional 132,516 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Suzano by 26.6% during the fourth quarter. Atomi Financial Group Inc. now owns 15,390 shares of the company's stock valued at $156,000 after acquiring an additional 3,229 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Suzano in the 4th quarter worth about $109,000. US Bancorp DE boosted its stake in Suzano by 20.3% in the 4th quarter. US Bancorp DE now owns 9,177 shares of the company's stock worth $93,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Atlas FRM LLC grew its position in Suzano by 13.1% during the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock valued at $175,278,000 after purchasing an additional 2,000,000 shares during the last quarter. Institutional investors own 2.55% of the company's stock.

Wall Street Analysts Forecast Growth

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

Suzano Stock Performance

Shares of SUZ traded down $0.17 on Friday, reaching $8.78. The company's stock had a trading volume of 427,154 shares, compared to its average volume of 1,854,325. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40. Suzano S.A. has a 12-month low of $8.41 and a 12-month high of $10.98. The stock has a market capitalization of $11.62 billion, a P/E ratio of 13.93 and a beta of 0.94. The stock's 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $9.80.

Suzano (NYSE:SUZ - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.01). Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $11.82 billion. Research analysts forecast that Suzano S.A. will post 1.93 earnings per share for the current fiscal year.

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.