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

SPX Gestao de Recursos Ltda cut its holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 57.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,917 shares of the company’s stock after selling 66,047 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Suzano were worth $500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its position in Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after acquiring an additional 4,256 shares during the period. Venturi Wealth Management LLC acquired a new stake in Suzano during the 1st quarter worth approximately $51,000. Parallel Advisors LLC grew its stake in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after purchasing an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Suzano during the first quarter worth $100,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Price Performance

Shares of NYSE SUZ opened at $8.21 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one year high of $11.53. The firm has a market capitalization of $10.18 billion, a P/E ratio of 4.89, a PEG ratio of 0.13 and a beta of 0.56. The company’s fifty day moving average is $8.18 and its two-hundred day moving average is $9.27.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SUZ. Weiss Ratings cut shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Zacks Research upgraded shares of Suzano from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Suzano currently has an average rating of “Moderate Buy” and a consensus price target 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.