Millennium Management LLC Acquires 4,613,917 Shares of Suzano S.A. (NYSE:SUZ)

Millennium Management LLC raised its position in Suzano S.A. (NYSE:SUZ - Free Report) by 45,596.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,624,036 shares of the company's stock after acquiring an additional 4,613,917 shares during the quarter. Millennium Management LLC owned approximately 0.35% of Suzano worth $46,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake 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 purchasing an additional 1,229 shares during the last quarter. Blue Trust Inc. increased its position in Suzano by 222.7% during the fourth quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock worth $67,000 after buying an additional 4,549 shares during the last quarter. Signaturefd LLC raised its stake in Suzano by 28.9% in the fourth 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 period. US Bancorp DE lifted its position in shares of Suzano by 20.3% in the fourth 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, Ballentine Partners LLC bought a new position in shares of Suzano during the 4th quarter worth approximately $109,000. Institutional investors own 2.55% of the company's stock.

Wall Street Analyst Weigh In

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

Suzano Stock Performance

Shares of NYSE:SUZ traded up $0.08 on Thursday, hitting $9.50. The company had a trading volume of 485,358 shares, compared to its average volume of 1,811,190. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 15.07 and a beta of 0.94. The stock has a 50 day moving average price of $9.13 and a 200 day moving average price of $9.84. Suzano S.A. has a 1-year low of $8.41 and a 1-year 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.

Suzano (NYSE:SUZ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $2.03 billion for 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%. Analysts expect that Suzano S.A. will post 1.93 EPS for the current year.

Suzano 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.