JPMorgan Chase & Co. Raises Stock Position in Suzano S.A. (NYSE:SUZ)

JPMorgan Chase & Co. raised its stake in shares of Suzano S.A. (NYSE:SUZ - Free Report) by 6,335.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,327 shares of the company's stock after purchasing an additional 115,504 shares during the quarter. JPMorgan Chase & Co.'s holdings in Suzano were worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SUZ. Constellation Investimentos e Participacoes Ltda raised its stake in Suzano by 132.3% in the 4th quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company's stock worth $4,335,000 after acquiring an additional 244,000 shares during the last quarter. GAMMA Investing LLC lifted its position in Suzano by 58.2% during the fourth quarter. GAMMA Investing LLC now owns 2,791 shares of the company's stock valued at $28,000 after purchasing an additional 1,027 shares during the period. Principal Financial Group Inc. boosted its holdings in Suzano by 14.4% in the third quarter. Principal Financial Group Inc. now owns 139,568 shares of the company's stock valued at $1,396,000 after purchasing an additional 17,544 shares during the last quarter. Atomi Financial Group Inc. grew its position in Suzano by 26.6% during the 4th quarter. Atomi Financial Group Inc. now owns 15,390 shares of the company's stock worth $156,000 after purchasing an additional 3,229 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Suzano during the 4th quarter valued at about $109,000. Hedge funds and other institutional investors own 2.55% of the company's stock.

Analyst Ratings Changes

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

Suzano Stock Performance

SUZ traded down $0.01 on Thursday, reaching $8.86. The stock had a trading volume of 141,555 shares, compared to its average volume of 1,990,164. The business's 50-day moving average price is $9.25 and its two-hundred day moving average price is $9.94. 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 12-month low of $8.41 and a 12-month high of $11.93. The company has a market cap of $11.73 billion, a P/E ratio of 14.06 and a beta of 0.88.

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.