Banco BTG Pactual S.A. Purchases New Position in Suzano S.A. Sponsored ADR $SUZ

Banco BTG Pactual S.A. acquired a new position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,200 shares of the company’s stock, valued at approximately $150,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Suzano during the first quarter worth $277,000. Groupama Asset Managment bought a new stake in Suzano during the 1st quarter worth $275,000. Quantbot Technologies LP acquired a new position in Suzano in the 1st quarter worth about $650,000. Absolute Gestao de Investimentos Ltda. bought a new position in Suzano in the first quarter valued at about $184,000. Finally, American Century Companies Inc. boosted its stake in shares of Suzano by 25.2% during the first quarter. American Century Companies Inc. now owns 1,168,436 shares of the company’s stock valued at $10,855,000 after purchasing an additional 235,482 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research raised Suzano to a “strong-buy” rating in a research note on Friday, August 8th. The Goldman Sachs Group upgraded shares of Suzano from a “neutral” rating to a “buy” rating in a research report on Friday, June 13th. Finally, Wall Street Zen downgraded shares of Suzano from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Suzano Stock Performance

NYSE:SUZ opened at $9.5950 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. Suzano S.A. Sponsored ADR has a fifty-two week low of $8.41 and a fifty-two week high of $10.98. The company has a 50 day simple moving average of $9.45 and a two-hundred day simple moving average of $9.42. The company has a market capitalization of $12.70 billion, a PE ratio of 8.49, a P/E/G ratio of 0.09 and a beta of 0.89.

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.