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

BNP Paribas Financial Markets lowered its stake in Suzano S.A. (NYSE:SUZ) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,792 shares of the company’s stock after selling 3,440 shares during the period. BNP Paribas Financial Markets’ holdings in Suzano were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SUZ. Atlas FRM LLC increased its position in shares of Suzano by 73.0% during the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after buying an additional 5,200,000 shares during the period. Kapitalo Investimentos Ltda boosted its position in Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after acquiring an additional 2,139,719 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Suzano during the 2nd quarter worth approximately $9,310,000. Sagil Capital LLP bought a new position in shares of Suzano in the 2nd quarter worth approximately $6,324,000. Finally, Waterfront Wealth Inc. lifted its stake in shares of Suzano by 23.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after purchasing an additional 52,334 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Price Performance

Shares of SUZ stock opened at $10.33 on Tuesday. Suzano S.A. has a twelve month low of $8.78 and a twelve month high of $12.98. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 16.40 and a beta of 0.95. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. The business’s fifty day moving average is $10.28 and its 200 day moving average is $9.88.

Suzano Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $0.3366 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a yield of 1.6%.

Suzano Company 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.