Mirae Asset Global Investments Co. Ltd. Sells 185,851 Shares of Suzano S.A. (NYSE:SUZ)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 950,009 shares of the company's stock after selling 185,851 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Suzano worth $10,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SUZ. Marshall Wace LLP acquired a new position in shares of Suzano during the 4th quarter worth approximately $7,598,000. State Street Corp increased its holdings in shares of Suzano by 24.7% during the 2nd quarter. State Street Corp now owns 3,772,196 shares of the company's stock worth $35,760,000 after acquiring an additional 746,200 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Suzano during the 3rd quarter worth approximately $7,301,000. Bank of America Corp DE increased its holdings in shares of Suzano by 603.8% during the 1st quarter. Bank of America Corp DE now owns 497,677 shares of the company's stock worth $5,784,000 after acquiring an additional 426,962 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Suzano by 184.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 621,504 shares of the company's stock worth $5,730,000 after acquiring an additional 402,629 shares during the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Performance

Shares of SUZ stock traded down $0.11 during trading on Friday, reaching $11.90. 965,611 shares of the company's stock were exchanged, compared to its average volume of 1,393,963. The company has a quick ratio of 2.20, a current ratio of 2.61 and a debt-to-equity ratio of 1.62. The firm's fifty day moving average price is $11.76 and its 200-day moving average price is $11.13. Suzano S.A. has a twelve month low of $7.46 and a twelve month high of $12.98. The stock has a market capitalization of $15.76 billion, a PE ratio of 5.59 and a beta of 1.05.

Suzano (NYSE:SUZ - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. Suzano had a return on equity of 33.35% and a net margin of 35.19%. The firm had revenue of $2.09 billion for the quarter. As a group, sell-side analysts anticipate that Suzano S.A. will post 1.65 EPS for the current year.

About Suzano

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.