Van ECK Associates Corp Grows Stake in Suzano S.A. (NYSE:SUZ)

Van ECK Associates Corp grew its position in Suzano S.A. (NYSE:SUZ) by 26.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,403 shares of the company’s stock after purchasing an additional 11,059 shares during the quarter. Van ECK Associates Corp’s holdings in Suzano were worth $548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after buying an additional 1,222 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Suzano during the first quarter valued at $154,000. QRG Capital Management Inc. grew its holdings in shares of Suzano by 18.0% during the fourth quarter. QRG Capital Management Inc. now owns 15,119 shares of the company’s stock valued at $172,000 after buying an additional 2,305 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Suzano in the first quarter valued at $183,000. Finally, Quadrant Capital Group LLC boosted its holdings in Suzano by 8.7% in the fourth quarter. Quadrant Capital Group LLC now owns 16,264 shares of the company’s stock valued at $185,000 after purchasing an additional 1,304 shares during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Suzano Price Performance

NYSE:SUZ opened at $9.73 on Monday. Suzano S.A. has a one year low of $8.78 and a one year high of $12.98. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.03 and a current ratio of 2.48. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 6.95 and a beta of 0.99. The firm’s fifty day moving average is $9.80 and its two-hundred day moving average is $10.53.

Suzano (NYSE:SUZ) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.56) EPS for the quarter. Suzano had a net margin of 1.05% and a return on equity of 0.98%. The business had revenue of $2.21 billion during the quarter. Research analysts expect that Suzano S.A. will post 1.41 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.