Choreo LLC Makes New Investment in Suzano S.A. (NYSE:SUZ)

Choreo LLC bought a new position in shares of Suzano S.A. (NYSE:SUZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 12,559 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Suzano by 44.0% during the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock worth $8,278,000 after buying an additional 198,068 shares during the period. Deltec Asset Management LLC acquired a new position in Suzano during the 2nd quarter worth about $675,000. Principal Financial Group Inc. acquired a new position in Suzano during the 1st quarter worth about $1,640,000. Caprock Group LLC acquired a new position in Suzano during the 2nd quarter worth about $103,000. Finally, Waterfront Wealth Inc. lifted its holdings in Suzano by 23.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock worth $2,858,000 after buying an additional 52,334 shares during the period. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Down 2.4 %

Shares of SUZ opened at $9.45 on Friday. The company has a market capitalization of $12.51 billion, a PE ratio of 6.75 and a beta of 0.99. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98. The stock’s 50-day moving average price is $9.74 and its two-hundred day moving average price is $10.42. The company has a current ratio of 2.48, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00.

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