SPX Gestao de Recursos Ltda Reduces Stake in Suzano S.A. Sponsored ADR $SUZ

SPX Gestao de Recursos Ltda decreased its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 57.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 49,917 shares of the company’s stock after selling 66,047 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Suzano were worth $500,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Suzano by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 443,593 shares of the company’s stock worth $4,170,000 after buying an additional 197,898 shares in the last quarter. Seafarer Capital Partners LLC purchased a new position in Suzano during the 4th quarter valued at about $2,475,000. Aberdeen Group plc acquired a new position in Suzano during the fourth quarter worth about $1,056,000. Kapitalo Investimentos Ltda lifted its holdings in shares of Suzano by 249.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock valued at $7,327,000 after purchasing an additional 559,952 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Suzano in the fourth quarter valued at about $4,944,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

NYSE:SUZ opened at $8.21 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. The firm has a market cap of $10.18 billion, a PE ratio of 4.89, a P/E/G ratio of 0.13 and a beta of 0.56. The firm has a 50 day simple moving average of $8.18 and a 200-day simple moving average of $9.27. Suzano S.A. Sponsored ADR has a 1-year low of $7.55 and a 1-year high of $11.53.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America lowered shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Tuesday, April 7th. Zacks Research raised Suzano from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Suzano currently has an average rating of “Moderate Buy” and an average target price of $12.20.

Suzano Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.