Suzano S.A. Sponsored ADR $SUZ Shares Bought by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lifted its stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,261 shares of the company’s stock after purchasing an additional 168,044 shares during the quarter. Suzano comprises about 1.0% of Ramirez Asset Management Inc.’s investment portfolio, making the stock its 24th largest holding. Ramirez Asset Management Inc.’s holdings in Suzano were worth $7,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Amundi bought a new position in Suzano in the 1st quarter valued at about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after buying an additional 70,396 shares in the last quarter. Jane Street Group LLC grew its position in Suzano by 264.1% in the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after buying an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock valued at $2,312,000 after buying an additional 128,455 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SUZ. Weiss Ratings lowered shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Bank of America lowered shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Tuesday, April 7th. Finally, Zacks Research lowered shares of Suzano from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.20.

Suzano Trading Up 1.9%

Shares of SUZ opened at $8.19 on Friday. The business’s 50-day moving average price is $8.96 and its 200 day moving average price is $9.49. The stock has a market capitalization of $10.15 billion, a P/E ratio of 4.87, a P/E/G ratio of 0.18 and a beta of 0.55. Suzano S.A. Sponsored ADR has a 1-year low of $8.00 and a 1-year high of $11.53. The company has a current ratio of 3.51, a quick ratio of 2.80 and a debt-to-equity ratio of 1.81.

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.