Atlas FRM LLC Acquires 5,200,000 Shares of Suzano S.A. (NYSE:SUZ)

Atlas FRM LLC boosted its position in shares of Suzano S.A. (NYSE:SUZ) by 73.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 12,320,000 shares of the company’s stock after acquiring an additional 5,200,000 shares during the quarter. Suzano comprises about 16.8% of Atlas FRM LLC’s portfolio, making the stock its 3rd largest position. Atlas FRM LLC owned about 0.93% of Suzano worth $126,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SUZ. Marshall Wace LLP purchased a new position in Suzano in the 2nd quarter worth approximately $9,310,000. Janus Henderson Group PLC increased its stake in Suzano by 44.0% during the first quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock worth $8,278,000 after purchasing an additional 198,068 shares during the period. Sagil Capital LLP acquired a new stake in shares of Suzano during the second quarter worth about $6,324,000. Waterfront Wealth Inc. increased its position in shares of Suzano by 23.2% during the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock worth $2,858,000 after acquiring an additional 52,334 shares during the period. Finally, Optiver Holding B.V. grew its stake in shares of Suzano by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 220,695 shares of the company’s stock worth $2,507,000 after purchasing an additional 62,172 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Stock Down 1.1 %

SUZ opened at $9.34 on Tuesday. The stock has a market capitalization of $12.37 billion, a P/E ratio of 6.67 and a beta of 0.99. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.03 and a current ratio of 2.48. Suzano S.A. has a one year low of $8.78 and a one year high of $12.98. The business’s 50-day simple moving average is $9.73 and its 200-day simple moving average is $10.38.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.56) 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%. 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.