Ranmore Fund Management Ltd Takes Position in Suzano S.A. (NYSE:SUZ)

Ranmore Fund Management Ltd bought a new position in Suzano S.A. (NYSE:SUZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 792,702 shares of the company's stock, valued at approximately $8,022,000. Suzano comprises 7.4% of Ranmore Fund Management Ltd's portfolio, making the stock its 8th biggest holding. Ranmore Fund Management Ltd owned approximately 0.06% of Suzano as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its position in Suzano by 14.5% during the 4th quarter. Quadrant Capital Group LLC now owns 14,771 shares of the company's stock worth $149,000 after acquiring an additional 1,873 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Suzano by 156.3% during the fourth quarter. Headlands Technologies LLC now owns 17,721 shares of the company's stock valued at $179,000 after purchasing an additional 10,806 shares in the last quarter. OLD Mission Capital LLC grew its holdings in shares of Suzano by 17.3% during the fourth quarter. OLD Mission Capital LLC now owns 12,488 shares of the company's stock worth $126,000 after purchasing an additional 1,843 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Suzano by 6.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 69,383 shares of the company's stock valued at $702,000 after buying an additional 4,495 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Suzano by 6,335.9% in the 4th quarter. JPMorgan Chase & Co. now owns 117,327 shares of the company's stock valued at $1,187,000 after buying an additional 115,504 shares during the last quarter. 2.55% of the stock is owned by institutional investors.

Suzano Trading Down 0.3 %

NYSE SUZ traded down $0.03 on Friday, reaching $8.83. The company had a trading volume of 1,870,424 shares, compared to its average volume of 1,982,045. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 14.01 and a beta of 0.88. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40. Suzano S.A. has a fifty-two week low of $8.41 and a fifty-two week high of $12.05. The business has a 50 day moving average of $9.58 and a two-hundred day moving average of $10.03.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Suzano to a "strong-buy" rating in a report on Thursday.

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.