Ritholtz Wealth Management Lowers Holdings in Suzano S.A. Sponsored ADR $SUZ

Ritholtz Wealth Management lessened its stake in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 27.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,759 shares of the company’s stock after selling 5,903 shares during the quarter. Ritholtz Wealth Management’s holdings in Suzano were worth $148,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SUZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Suzano by 311.8% in the 1st quarter. GAMMA Investing LLC now owns 11,492 shares of the company’s stock worth $107,000 after purchasing an additional 8,701 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of Suzano in the 1st quarter worth about $150,000. Aigen Investment Management LP purchased a new position in shares of Suzano in the 1st quarter worth about $158,000. Finally, Amundi purchased a new position in shares of Suzano in the 1st quarter worth about $177,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SUZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Wednesday, October 8th. Wall Street Zen lowered Suzano from a “buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Zacks Research lowered Suzano from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Suzano currently has a consensus rating of “Moderate Buy”.

Suzano Price Performance

Shares of NYSE:SUZ opened at $8.96 on Thursday. Suzano S.A. Sponsored ADR has a fifty-two week low of $8.41 and a fifty-two week high of $10.98. The business has a 50-day simple moving average of $9.41 and a two-hundred day simple moving average of $9.29. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.08 and a beta of 0.81.

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.