Principal Financial Group Inc. Has $1.40 Million Stock Position in Suzano S.A. (NYSE:SUZ)

Principal Financial Group Inc. boosted its position in Suzano S.A. (NYSE:SUZ) by 14.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,568 shares of the company’s stock after acquiring an additional 17,544 shares during the period. Principal Financial Group Inc.’s holdings in Suzano were worth $1,396,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew 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 acquiring an additional 198,068 shares during the period. Deltec Asset Management LLC bought a new stake in Suzano in the second quarter valued at about $675,000. Caprock Group LLC acquired a new position in Suzano in the second quarter valued at about $103,000. Waterfront Wealth Inc. lifted its stake in 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 buying an additional 52,334 shares during the period. Finally, Kapitalo Investimentos Ltda boosted its holdings in Suzano by 152.9% during the third quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock worth $35,387,000 after buying an additional 2,139,719 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

Suzano Trading Down 0.7 %

SUZ opened at $10.49 on Friday. The firm’s fifty day moving average is $10.08 and its two-hundred day moving average is $9.81. The firm has a market cap of $13.89 billion, a PE ratio of 16.65 and a beta of 0.98. Suzano S.A. has a twelve month low of $8.78 and a twelve month high of $12.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17.

Suzano Company 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.