Suzano S.A. Sponsored ADR $SUZ is Seafarer Capital Partners LLC’s 7th Largest Position

Seafarer Capital Partners LLC raised its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 37.7% in the first quarter, Holdings Channel.com reports. The fund owned 365,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Suzano makes up approximately 0.8% of Seafarer Capital Partners LLC’s portfolio, making the stock its 7th biggest holding. Seafarer Capital Partners LLC’s holdings in Suzano were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in shares of Suzano during the first quarter worth approximately $588,000. Principal Financial Group Inc. raised its stake in Suzano by 23.1% in the 1st quarter. Principal Financial Group Inc. now owns 603,558 shares of the company’s stock valued at $6,042,000 after purchasing an additional 113,070 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Suzano in the 1st quarter valued at $100,000. Waterfront Wealth Inc. lifted its holdings in Suzano by 2.2% in the 1st quarter. Waterfront Wealth Inc. now owns 405,361 shares of the company’s stock valued at $4,058,000 after purchasing an additional 8,866 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Suzano during the 1st quarter worth $51,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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 report on Tuesday, April 7th. Zacks Research raised shares of Suzano from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.20.

Suzano Price Performance

NYSE:SUZ opened at $8.18 on Thursday. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one year high of $11.53. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The stock has a market cap of $10.14 billion, a PE ratio of 4.87, a P/E/G ratio of 0.12 and a beta of 0.56. The stock has a 50 day moving average price of $8.20 and a 200 day moving average price of $9.29.

About Suzano

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.