Suzano (NYSE:SUZ) Sees Strong Trading Volume

Suzano S.A. (NYSE:SUZ) saw unusually-high trading volume on Tuesday . Approximately 604,560 shares traded hands during trading, a decline of 56% from the previous session’s volume of 1,385,229 shares.The stock last traded at $12.52 and had previously closed at $12.41.

Suzano Trading Up 1.3 %

The stock has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $10.97. The firm has a market capitalization of $16.99 billion, a P/E ratio of 6.02 and a beta of 1.04. The company has a current ratio of 2.61, a quick ratio of 2.20 and a debt-to-equity ratio of 1.62.

Suzano (NYSE:SUZ) last posted its earnings results on Wednesday, February 28th. The company reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.09 billion during the quarter. Suzano had a return on equity of 33.35% and a net margin of 35.19%. On average, equities research analysts anticipate that Suzano S.A. will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Suzano

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of Suzano in the 1st quarter valued at approximately $150,000. American Century Companies Inc. lifted its position in Suzano by 47.1% during the 1st quarter. American Century Companies Inc. now owns 155,762 shares of the company’s stock worth $1,810,000 after acquiring an additional 49,871 shares during the period. US Bancorp DE increased its holdings in shares of Suzano by 14.7% in the first quarter. US Bancorp DE now owns 9,367 shares of the company’s stock valued at $109,000 after purchasing an additional 1,200 shares during the period. Citigroup Inc. purchased a new position in shares of Suzano in the first quarter worth about $2,837,000. Finally, BlackRock Inc. lifted its holdings in shares of Suzano by 6.0% during the first quarter. BlackRock Inc. now owns 397,155 shares of the company’s stock worth $4,615,000 after purchasing an additional 22,361 shares during the period. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Company 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.