Investidor Profissional Gestao de Recursos Ltda. Buys Shares of 43,950 Suzano S.A. (NYSE:SUZ)

Investidor Profissional Gestao de Recursos Ltda. bought a new position in Suzano S.A. (NYSE:SUZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,950 shares of the company’s stock, valued at approximately $451,000. Suzano comprises about 0.2% of Investidor Profissional Gestao de Recursos Ltda.’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SUZ. PNC Financial Services Group Inc. increased its holdings in Suzano by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock worth $100,000 after buying an additional 1,222 shares during the last quarter. Caprock Group LLC bought a new stake in Suzano in the second quarter worth approximately $103,000. Choreo LLC acquired a new position in shares of Suzano during the 2nd quarter worth $128,000. Ballentine Partners LLC bought a new position in shares of Suzano during the 1st quarter valued at $154,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Suzano in the 1st quarter valued at $183,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Trading Down 2.4 %

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

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

About Suzano

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.