Jane Street Group LLC Sells 196,838 Shares of Suzano S.A. (NYSE:SUZ)

Jane Street Group LLC lessened its stake in shares of Suzano S.A. (NYSE:SUZ) by 92.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,874 shares of the company’s stock after selling 196,838 shares during the period. Jane Street Group LLC’s holdings in Suzano were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Suzano during the third quarter worth approximately $810,000. State Street Corp increased its position in Suzano by 14.1% during the third quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after buying an additional 568,618 shares during the last quarter. Kapitalo Investimentos Ltda increased its position 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Suzano during the third quarter worth approximately $107,000. Finally, XTX Topco Ltd increased its position in Suzano by 42.0% during the second quarter. XTX Topco Ltd now owns 52,547 shares of the company’s stock worth $540,000 after buying an additional 15,535 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE SUZ opened at $10.20 on Tuesday. The business’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $10.02. The company has a market cap of $13.51 billion, a PE ratio of 16.19 and a beta of 0.94. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. Suzano S.A. has a twelve month low of $8.78 and a twelve month high of $12.98.

Suzano Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.3366 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th. Suzano’s dividend payout ratio (DPR) is presently 42.86%.

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.