Goldman Sachs Group Inc. Purchases 70,396 Shares of Suzano S.A. Sponsored ADR $SUZ

Goldman Sachs Group Inc. increased its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 14.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 557,366 shares of the company’s stock after buying an additional 70,396 shares during the period. Goldman Sachs Group Inc.’s holdings in Suzano were worth $5,178,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in Suzano in the first quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. GAMMA Investing LLC grew its holdings in Suzano by 311.8% in the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company’s stock worth $107,000 after purchasing an additional 8,701 shares during the period. Ameriprise Financial Inc. grew its holdings in Suzano by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company’s stock worth $126,000 after purchasing an additional 1,155 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new stake in Suzano in the first quarter worth $150,000. Institutional investors own 2.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SUZ shares. The Goldman Sachs Group upgraded shares of Suzano from a “neutral” rating to a “buy” rating in a report on Friday, June 13th. Wall Street Zen cut shares of Suzano from a “buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, Zacks Research cut shares of Suzano from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Suzano Stock Up 0.8%

Shares of NYSE SUZ opened at $9.56 on Wednesday. The stock has a market capitalization of $12.66 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.09 and a beta of 0.85. The company has a 50-day moving average price of $9.51 and a 200-day moving average price of $9.34. Suzano S.A. Sponsored ADR has a 1 year low of $8.41 and a 1 year high of $10.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.16 and a quick ratio of 2.48.

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.