Itau Unibanco Holding S.A. Purchases 3,029,016 Shares of Suzano S.A. (NYSE:SUZ)

Itau Unibanco Holding S.A. boosted its position in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 465.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,680,057 shares of the company's stock after buying an additional 3,029,016 shares during the quarter. Suzano makes up about 1.2% of Itau Unibanco Holding S.A.'s holdings, making the stock its 19th biggest holding. Itau Unibanco Holding S.A. owned about 0.28% of Suzano worth $37,242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Suzano by 58.2% in the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company's stock worth $28,000 after acquiring an additional 1,027 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Suzano by 69.2% during the fourth 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of Suzano by 222.7% during the fourth quarter. Blue Trust Inc. now owns 6,592 shares of the company's stock valued at $67,000 after purchasing an additional 4,549 shares during the last quarter. Signaturefd LLC boosted its position in shares of Suzano by 28.9% in the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after purchasing an additional 1,787 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Suzano by 20.3% in the 4th quarter. US Bancorp DE now owns 9,177 shares of the company's stock worth $93,000 after buying an additional 1,547 shares during the last quarter. Hedge funds and other 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.

Suzano Stock Performance

SUZ stock traded down $0.04 during trading on Tuesday, reaching $8.82. The stock had a trading volume of 407,199 shares, compared to its average volume of 2,006,055. The stock's 50 day moving average is $9.19 and its two-hundred day moving average is $9.92. The firm has a market cap of $11.67 billion, a PE ratio of 13.98 and a beta of 0.94. Suzano S.A. has a 52 week low of $8.41 and a 52 week high of $11.93. 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 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.