Creative Planning Raises Stock Position in Suzano S.A. (NYSE:SUZ)

Creative Planning lifted its stake in shares of Suzano S.A. (NYSE:SUZ) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,393 shares of the company’s stock after buying an additional 2,202 shares during the quarter. Creative Planning’s holdings in Suzano were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SUZ. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Suzano during the 1st quarter worth approximately $183,000. Capital Wealth Planning LLC acquired a new position in shares of Suzano in the 1st quarter valued at $796,000. Concurrent Investment Advisors LLC acquired a new position in shares of Suzano in the 1st quarter valued at $563,000. QRG Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 7,367 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Suzano by 44.0% in the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after acquiring an additional 198,068 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of Suzano stock opened at $10.43 on Thursday. The firm’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $9.90. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 16.56 and a beta of 0.98. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70.

Suzano (NYSE:SUZ) last announced 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 during the quarter. Suzano had a net margin of 9.69% and a return on equity of 9.80%. As a group, equities analysts forecast that Suzano S.A. will post 0.63 earnings per share for the current 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.