Suzano S.A. Sponsored ADR $SUZ Stake Lessened by Bank of America Corp DE

Key Points

• Bank of America cut its Suzano stake by 82.2% in the first quarter, selling 1.13 million shares and retaining 245,225 shares valued at approximately $2.46 million.
• Several institutional investors increased their positions, including Dynamo Internacional, which boosted its holdings by 565.2%. Hedge funds and other institutions collectively own 2.55% of Suzano.
• Analyst sentiment is mixed, with ratings ranging from Buy to Sell and an overall consensus of Hold; the average price target is $13.20 versus the stock’s reported $8.87 opening price.

Bank of America Corp DE lessened its holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 82.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,225 shares of the company's stock after selling 1,130,099 shares during the period. Bank of America Corp DE's holdings in Suzano were worth $2,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Suzano by 48.2% during the first quarter. Dimensional Fund Advisors LP now owns 529,775 shares of the company's stock worth $5,303,000 after purchasing an additional 172,313 shares during the period. Kapitalo Investimentos Ltda boosted its stake in shares of Suzano by 39.6% during the 1st quarter. Kapitalo Investimentos Ltda now owns 1,094,733 shares of the company's stock valued at $10,958,000 after buying an additional 310,283 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. boosted 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 valued at $25,918,000 after buying an additional 2,200,000 shares during the period. Renaissance Technologies LLC boosted its stake 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 buying an additional 210,200 shares during the period. Finally, Compass Rose Asset Management LP grew its holdings in shares of Suzano by 51.7% during the 4th quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company's stock valued at $14,944,000 after acquiring an additional 545,000 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company's stock.

Wall Street Analyst Weigh In

SUZ has been the topic of a number of research reports. Zacks Research downgraded shares of Suzano from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Bank of America raised shares of Suzano from a "neutral" rating to a "buy" rating and set a $13.00 price objective on the stock in a research report on Monday, August 24th. Finally, Weiss Ratings cut shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.20.

Suzano Stock Up 1.7%

SUZ stock opened at $8.87 on Wednesday. The company has a 50-day moving average of $8.26 and a two-hundred day moving average of $9.00. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. Suzano S.A. Sponsored ADR has a 52-week low of $7.55 and a 52-week high of $11.53.

Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion for the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%. As a group, equities research analysts anticipate that Suzano S.A. Sponsored ADR will post 1.51 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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