Principal Financial Group Inc. Has $1.68 Million Position in Suzano S.A. Sponsored ADR (NYSE:SUZ)

Principal Financial Group Inc. increased its stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 38.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,167 shares of the company’s stock after buying an additional 50,435 shares during the quarter. Principal Financial Group Inc.’s holdings in Suzano were worth $1,683,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Atlas FRM LLC grew 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 buying an additional 2,000,000 shares in the last quarter. Millennium Management LLC increased its stake in shares of Suzano by 45,596.6% in the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company’s stock valued at $46,795,000 after purchasing an additional 4,613,917 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Suzano by 465.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company’s stock worth $37,242,000 after buying an additional 3,029,016 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Suzano by 261.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company’s stock worth $21,557,000 after buying an additional 1,540,864 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Suzano by 111.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SUZ shares. UBS Group upgraded Suzano to a “strong-buy” rating in a research report on Thursday, April 10th. Wall Street Zen downgraded Suzano from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, The Goldman Sachs Group upgraded Suzano from a “neutral” rating to a “buy” rating in a research report on Friday, June 13th.

Suzano Stock Down 0.2%

Shares of SUZ opened at $9.06 on Friday. The company has a market capitalization of $12.00 billion, a PE ratio of -64.71, a PEG ratio of 0.09 and a beta of 0.94. Suzano S.A. Sponsored ADR has a 12 month low of $8.41 and a 12 month high of $10.98. The stock’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.54. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 2.27.

Suzano (NYSE:SUZ) last posted its quarterly earnings data 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 return on equity of 3.08% and a negative net margin of 2.43%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $11.82 billion. On average, analysts anticipate that Suzano S.A. Sponsored ADR will post 1.93 EPS for the current 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.