Legal & General Group Plc decreased its holdings in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,121 shares of the company's stock after selling 55,121 shares during the period. Legal & General Group Plc's holdings in Suzano were worth $558,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Suzano by 14.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,568 shares of the company's stock worth $1,396,000 after buying an additional 17,544 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Suzano by 58.2% in the fourth quarter. GAMMA Investing LLC now owns 2,791 shares of the company's stock worth $28,000 after acquiring an additional 1,027 shares during the period. Moody National Bank Trust Division purchased a new position in shares of Suzano during the fourth quarter valued at approximately $137,000. Constellation Investimentos e Participacoes Ltda lifted its position in Suzano by 132.3% during the fourth quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company's stock valued at $4,335,000 after purchasing an additional 244,000 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Suzano in the fourth quarter worth approximately $109,000. Institutional investors own 2.55% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.
Get Our Latest Report on Suzano
Suzano Stock Performance
NYSE:SUZ traded up $0.18 on Friday, hitting $8.97. The stock had a trading volume of 1,580,594 shares, compared to its average volume of 2,009,891. The business's 50-day simple moving average is $9.21 and its two-hundred day simple moving average is $9.93. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 14.24 and a beta of 0.88. Suzano S.A. has a 52-week low of $8.41 and a 52-week high of $11.93. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81.
Suzano Company Profile
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Free Report)
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.
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