SPX Gestao de Recursos Ltda Has $1.38 Million Stock Position in Suzano S.A. (NYSE:SUZ)

SPX Gestao de Recursos Ltda cut its stake in shares of Suzano S.A. (NYSE:SUZ) by 2.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 138,315 shares of the company’s stock after selling 3,586 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Suzano were worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atlas FRM LLC increased its position in Suzano by 73.0% in the 2nd quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after acquiring an additional 5,200,000 shares during the period. Kapitalo Investimentos Ltda boosted its position in shares of Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock worth $35,387,000 after purchasing an additional 2,139,719 shares in the last quarter. Marshall Wace LLP acquired a new stake in Suzano in the second quarter valued at approximately $9,310,000. Sagil Capital LLP bought a new stake in Suzano during the 2nd quarter valued at $6,324,000. Finally, State Street Corp increased its position in shares of 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 acquiring an additional 568,618 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Down 1.2 %

Shares of SUZ stock traded down $0.13 during trading hours on Friday, reaching $10.33. The company had a trading volume of 336,767 shares, compared to its average volume of 1,818,630. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 16.49 and a beta of 0.95. The business has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $9.87. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98.

Suzano Cuts Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, December 18th. This represents a dividend yield of 1.6%. Suzano’s dividend payout ratio is currently 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.