BNP Paribas Financial Markets Raises Stock Holdings in Suzano S.A. (NYSE:SUZ)

BNP Paribas Financial Markets raised its position in shares of Suzano S.A. (NYSE:SUZFree Report) by 3,283.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,330 shares of the company’s stock after purchasing an additional 30,404 shares during the quarter. BNP Paribas Financial Markets’ holdings in Suzano were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SUZ. Waterfront Wealth Inc. boosted its position in Suzano by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 196,969 shares of the company’s stock valued at $2,238,000 after buying an additional 2,502 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Suzano by 13.6% during the fourth quarter. Ritholtz Wealth Management now owns 69,761 shares of the company’s stock worth $792,000 after purchasing an additional 8,342 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in Suzano during the fourth quarter valued at $134,000. Metis Global Partners LLC boosted its holdings in Suzano by 19.3% in the fourth quarter. Metis Global Partners LLC now owns 75,164 shares of the company’s stock valued at $854,000 after purchasing an additional 12,181 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Suzano during the 3rd quarter worth about $138,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Suzano from an “underweight” rating to an “equal weight” rating in a research note on Monday, May 20th.

Read Our Latest Stock Report on SUZ

Suzano Stock Down 1.3 %

Shares of NYSE SUZ opened at $8.87 on Wednesday. Suzano S.A. has a 52-week low of $8.83 and a 52-week high of $12.98. The company has a quick ratio of 2.36, a current ratio of 2.89 and a debt-to-equity ratio of 1.65. The company’s 50-day simple moving average is $11.06 and its 200-day simple moving average is $11.07. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 6.33 and a beta of 0.99.

Suzano (NYSE:SUZGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.03 EPS for the quarter. The company had revenue of $1.91 billion during the quarter. Suzano had a return on equity of 20.82% and a net margin of 23.84%. During the same quarter last year, the firm posted $0.76 earnings per share. Equities analysts predict that Suzano S.A. will post 10.59 EPS for the current fiscal year.

Suzano Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Suzano (NYSE:SUZ)

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