Suzano S.A. Sponsored ADR $SUZ Position Lowered by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos cut its Suzano stake by 77.9% in the third quarter, selling 1.33 million shares and retaining 377,151 shares valued at approximately $3.23 million.
• Other institutional investors increased their positions, including Wellington Management, which expanded its stake by more than 30,000%; institutional investors collectively own 2.55% of Suzano.
• Suzano shares opened at $8.46, near the lower end of their 12-month range. Analysts have a consensus “Hold” rating and an average price target of $13.20, though recommendations range from “Sell” to “Buy.”

Kapitalo Investimentos Ltda cut its stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 77.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 377,151 shares of the company's stock after selling 1,331,992 shares during the period. Kapitalo Investimentos Ltda's holdings in Suzano were worth $3,232,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SUZ. Wellington Management Group LLP grew its position in Suzano by 30,234.5% in the second quarter. Wellington Management Group LLP now owns 4,211,039 shares of the company's stock worth $32,678,000 after acquiring an additional 4,197,157 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of Suzano by 565.2% during the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company's stock worth $25,918,000 after purchasing an additional 2,200,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Suzano by 41.7% during the 1st quarter. Renaissance Technologies LLC now owns 714,300 shares of the company's stock valued at $7,150,000 after purchasing an additional 210,200 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Suzano by 23.1% during the 1st quarter. Principal Financial Group Inc. now owns 603,558 shares of the company's stock valued at $6,042,000 after purchasing an additional 113,070 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Suzano by 48.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 529,775 shares of the company's stock valued at $5,303,000 after purchasing an additional 172,313 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Stock Down 0.5%

Shares of Suzano stock opened at $8.46 on Wednesday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 7.94, a PEG ratio of 0.12 and a beta of 0.50. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The stock has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $8.59. Suzano S.A. Sponsored ADR has a 12-month low of $7.55 and a 12-month high of $11.53.

Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.28 EPS for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The company had revenue of $2.24 billion for the quarter. Equities analysts expect that Suzano S.A. Sponsored ADR will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

SUZ has been the subject of a number of recent research reports. Bank of America upgraded shares of Suzano from a "neutral" rating to a "buy" rating and set a $13.00 price objective for the company in a report on Monday, August 24th. Weiss Ratings downgraded shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded Suzano from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.20.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world's major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.

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