Suzano S.A. Sponsored ADR $SUZ Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 41.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 714,300 shares of the company’s stock after acquiring an additional 210,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Suzano were worth $7,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SUZ. Deutsche Bank AG lifted its holdings in shares of Suzano by 4,452.8% during the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after purchasing an additional 7,191,583 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Suzano by 323.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Suzano by 30.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock worth $41,793,000 after buying an additional 1,037,976 shares during the period. State Street Corp raised its holdings in Suzano by 17.5% during the 4th quarter. State Street Corp now owns 5,667,599 shares of the company’s stock worth $54,086,000 after buying an additional 843,296 shares during the period. Finally, Kapitalo Investimentos Ltda lifted its stake in Suzano by 249.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock valued at $7,327,000 after buying an additional 559,952 shares in the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Down 1.9%

Suzano stock opened at $8.37 on Wednesday. Suzano S.A. Sponsored ADR has a twelve month low of $7.55 and a twelve month high of $11.53. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The firm has a market cap of $10.37 billion, a PE ratio of 4.98, a P/E/G ratio of 0.14 and a beta of 0.56. The firm’s 50 day moving average price is $8.16 and its two-hundred day moving average price is $9.18.

Analyst Ratings Changes

Several research analysts have commented on SUZ shares. Weiss Ratings cut shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. 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 report on Tuesday, April 7th. Finally, Zacks Research raised shares of Suzano from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.