Suzano S.A. (NYSE:SUZ) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its stake in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 1,036.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 724,874 shares of the company's stock after purchasing an additional 661,092 shares during the period. Balyasny Asset Management L.P. owned 0.05% of Suzano worth $7,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SUZ. Itau Unibanco Holding S.A. increased its position in Suzano by 465.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock worth $37,242,000 after purchasing an additional 3,029,016 shares during the last quarter. Atlas FRM LLC increased its position in Suzano by 13.1% during the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock worth $175,278,000 after purchasing an additional 2,000,000 shares during the last quarter. Ranmore Fund Management Ltd acquired a new position in Suzano during the fourth quarter worth approximately $8,022,000. Marshall Wace LLP grew its stake in Suzano by 111.7% during the fourth quarter. Marshall Wace LLP now owns 1,058,200 shares of the company's stock worth $10,709,000 after buying an additional 558,224 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its stake in Suzano by 162.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 517,821 shares of the company's stock worth $5,241,000 after buying an additional 320,498 shares during the period. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Trading Up 2.8%

SUZ traded up $0.26 during trading on Tuesday, hitting $9.49. 2,349,505 shares of the company's stock were exchanged, compared to its average volume of 1,893,055. The firm has a market cap of $12.57 billion, a P/E ratio of 15.06 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 $9.88. 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 S.A. has a 1 year low of $8.41 and a 1 year high of $10.98.

Suzano (NYSE:SUZ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $11.82 billion. As a group, analysts expect that Suzano S.A. will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Suzano to a "strong-buy" rating in a research note on Thursday, April 10th.

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.