Waterfront Wealth Inc. Grows Position in Suzano S.A. (NYSE:SUZ)

Waterfront Wealth Inc. boosted its holdings in Suzano S.A. (NYSE:SUZ) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,290 shares of the company’s stock after acquiring an additional 52,334 shares during the quarter. Waterfront Wealth Inc.’s holdings in Suzano were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Kapitalo Investimentos Ltda raised its position in Suzano by 10.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 760,988 shares of the company’s stock worth $8,645,000 after acquiring an additional 74,159 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Suzano by 44.0% in the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock worth $8,278,000 after buying an additional 198,068 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Suzano in the 4th quarter worth about $3,760,000. Optiver Holding B.V. grew its stake in Suzano by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 220,695 shares of the company’s stock valued at $2,507,000 after acquiring an additional 62,172 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Suzano during the 1st quarter valued at about $1,640,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE SUZ traded down $0.17 during trading on Friday, reaching $9.74. The company had a trading volume of 2,642,052 shares, compared to its average volume of 2,157,180. The company has a current ratio of 2.48, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $12.90 billion, a PE ratio of 6.96 and a beta of 1.00. Suzano S.A. has a twelve month low of $8.78 and a twelve month high of $12.98. The stock has a 50-day moving average price of $9.79 and a two-hundred day moving average price of $10.56.

Suzano (NYSE:SUZ) last announced its earnings results on Thursday, August 8th. The company reported ($0.56) earnings per share for the quarter. Suzano had a net margin of 1.05% and a return on equity of 0.98%. The firm had revenue of $2.21 billion during the quarter. As a group, sell-side analysts predict that Suzano S.A. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.