MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,350 Shares of Suzano S.A. (NYSE:SUZ)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of Suzano S.A. (NYSE:SUZ) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,617 shares of the company’s stock after selling 1,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Suzano were worth $87,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Suzano by 67.9% in the 4th quarter. Northern Trust Corp now owns 327,790 shares of the company’s stock worth $3,317,000 after purchasing an additional 132,516 shares in the last quarter. US Bancorp DE lifted its holdings 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 purchasing an additional 1,547 shares in the last quarter. Atlas FRM LLC lifted its holdings in shares of Suzano by 13.1% in the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Suzano by 6,335.9% in the 4th quarter. JPMorgan Chase & Co. now owns 117,327 shares of the company’s stock worth $1,187,000 after purchasing an additional 115,504 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings 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. 2.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Suzano Trading Up 1.1%

NYSE SUZ opened at $8.78 on Tuesday. The firm has a market capitalization of $11.62 billion, a P/E ratio of 13.93 and a beta of 0.94. The business has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $9.77. Suzano S.A. has a 12 month low of $8.41 and a 12 month high of $10.98. 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 (NYSE:SUZ) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $11.82 billion. Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. On average, analysts predict that Suzano S.A. will post 1.93 EPS for the current fiscal year.

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.