Suzano (NYSE:SUZ) Sees Strong Trading Volume

Suzano S.A. (NYSE:SUZ) shares saw unusually-strong trading volume on Thursday . Approximately 32,748 shares were traded during mid-day trading, a decline of 94% from the previous session’s volume of 573,826 shares.The stock last traded at $11.28 and had previously closed at $11.22.

The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 6.70 and a beta of 1.39. The stock’s 50 day moving average price is $10.21 and its two-hundred day moving average price is $10.39. The company has a quick ratio of 2.80, a current ratio of 3.32 and a debt-to-equity ratio of 5.50.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Thursday, October 28th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $2.06 billion during the quarter. Suzano had a return on equity of 120.87% and a net margin of 32.76%.

The company also recently declared an annual dividend, which will be paid on Monday, February 7th. Investors of record on Thursday, January 20th will be issued a dividend of $0.1306 per share. This represents a yield of 1.1%. The ex-dividend date is Wednesday, January 19th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its holdings in Suzano by 34.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 34,980 shares of the company’s stock worth $378,000 after buying an additional 9,040 shares in the last quarter. Millennium Management LLC purchased a new stake in Suzano during the third quarter worth $224,000. Citadel Advisors LLC boosted its holdings in Suzano by 400.0% during the third quarter. Citadel Advisors LLC now owns 159,996 shares of the company’s stock worth $1,600,000 after buying an additional 127,999 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Suzano during the third quarter valued at $206,000. Finally, Royal Bank of Canada lifted its holdings in Suzano by 71.4% during the third quarter. Royal Bank of Canada now owns 75,641 shares of the company’s stock valued at $756,000 after purchasing an additional 31,505 shares in the last quarter. 1.62% of the stock is currently owned by hedge funds and other institutional investors.

About Suzano (NYSE:SUZ)

Suzano SA engages in the production of hardwood pulp from eucalyptus and paper. It operates through the Pulp, and Paper segments. The Pulp segment comprises of production and sale of hardwood eucalyptus pulp and fluff mainly to supply the export market, with any surplus destined to the domestic market.

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