Itau Unibanco Holding S.A. Decreases Stock Holdings in Suzano S.A. (NYSE:SUZ)

Itau Unibanco Holding S.A. lowered its stake in Suzano S.A. (NYSE:SUZ) by 59.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 651,041 shares of the company’s stock after selling 973,071 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Suzano were worth $6,672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SUZ. PNC Financial Services Group Inc. lifted its holdings in Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after purchasing an additional 1,222 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Suzano by 48.7% in the 1st quarter. QRG Capital Management Inc. now owns 22,486 shares of the company’s stock valued at $287,000 after buying an additional 7,367 shares in the last quarter. Caprock Group LLC acquired a new stake in Suzano in the 2nd quarter worth about $103,000. Van ECK Associates Corp boosted its holdings in Suzano by 26.1% in the 2nd quarter. Van ECK Associates Corp now owns 53,403 shares of the company’s stock worth $548,000 after buying an additional 11,059 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Suzano during the 1st quarter worth approximately $154,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

NYSE SUZ opened at $9.44 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.48 and a quick ratio of 2.03. The stock’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $10.41. The company has a market cap of $12.50 billion, a PE ratio of 6.74 and a beta of 0.99. Suzano S.A. has a 1-year low of $8.78 and a 1-year high of $12.98.

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

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.