Compass Rose Asset Management LP Lowers Position in Suzano S.A. Sponsored ADR $SUZ

Compass Rose Asset Management LP decreased its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 46.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 850,000 shares of the company’s stock after selling 750,000 shares during the quarter. Suzano comprises approximately 0.6% of Compass Rose Asset Management LP’s portfolio, making the stock its 10th biggest holding. Compass Rose Asset Management LP’s holdings in Suzano were worth $8,508,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Suzano by 11,502.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Suzano during the 1st quarter valued at $51,000. Parallel Advisors LLC lifted its holdings in Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Suzano in the 3rd quarter worth about $94,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Analysts Set New Price Targets

SUZ has been the subject of a number of recent analyst reports. Bank of America lowered Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Zacks Research upgraded shares of Suzano from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One research 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 company’s stock. Based on data from MarketBeat.com, Suzano currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Suzano Stock Down 1.2%

SUZ opened at $8.35 on Friday. The business’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $9.24. Suzano S.A. Sponsored ADR has a 52 week low of $7.55 and a 52 week high of $11.53. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The stock has a market cap of $10.35 billion, a PE ratio of 4.97, a P/E/G ratio of 0.14 and a beta of 0.56.

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.