Bank of America Corp DE Has $3.84 Million Stake in Suzano S.A. (NYSE:SUZ)

Bank of America Corp DE trimmed its position in Suzano S.A. (NYSE:SUZ - Free Report) by 32.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 379,503 shares of the company's stock after selling 179,181 shares during the period. Bank of America Corp DE's holdings in Suzano were worth $3,841,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position 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 buying an additional 1,229 shares during the last quarter. Blue Trust Inc. boosted its position 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 during the last quarter. Signaturefd LLC boosted its position 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 buying an additional 1,787 shares during the last quarter. US Bancorp DE boosted its position 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 buying an additional 1,547 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position 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 buying an additional 1,155 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Suzano Trading Down 2.9%

Shares of NYSE:SUZ traded down $0.26 during midday trading on Friday, hitting $8.68. The company had a trading volume of 1,955,841 shares, compared to its average volume of 1,787,213. Suzano S.A. has a 12 month low of $8.41 and a 12 month high of $10.98. 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 stock has a market cap of $11.49 billion, a price-to-earnings ratio of 13.78 and a beta of 0.94. The firm has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $9.79.

Suzano (NYSE:SUZ - Get Free Report) last posted 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). The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. On average, analysts predict that Suzano S.A. will post 1.93 EPS 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.