ANTIPODES PARTNERS Ltd Reduces Stock Holdings in Suzano S.A. (NYSE:SUZ)

ANTIPODES PARTNERS Ltd lowered its position in Suzano S.A. (NYSE:SUZ) by 52.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,130 shares of the company’s stock after selling 156,718 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Suzano were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda grew its holdings in shares of Suzano by 10.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 760,988 shares of the company’s stock valued at $8,645,000 after purchasing an additional 74,159 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Suzano by 44.0% in the first quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after purchasing an additional 198,068 shares during the period. Moran Wealth Management LLC purchased a new stake in shares of Suzano in the fourth quarter valued at about $3,760,000. Waterfront Wealth Inc. grew its holdings in shares of Suzano by 23.2% in the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after purchasing an additional 52,334 shares during the period. Finally, Optiver Holding B.V. grew its holdings in shares of Suzano by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 220,695 shares of the company’s stock valued at $2,507,000 after purchasing an additional 62,172 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Suzano from an “underweight” rating to an “equal weight” rating in a research report on Monday, May 20th.

Suzano Trading Up 0.7 %

NYSE SUZ opened at $9.89 on Friday. The firm’s 50-day moving average is $9.81 and its two-hundred day moving average is $10.54. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.48 and a quick ratio of 2.03. The stock has a market capitalization of $13.10 billion, a P/E ratio of 7.06 and a beta of 0.99.

Suzano (NYSE:SUZ) last posted its earnings results on Thursday, August 8th. The company reported ($0.56) EPS for the quarter. Suzano had a net margin of 1.05% and a return on equity of 0.98%. The company had revenue of $2.21 billion during the quarter. On average, sell-side analysts anticipate that Suzano S.A. will post 1.41 earnings per share for the current year.

Suzano 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.