Compass Rose Asset Management LP Has $14.94 Million Stock Position in Suzano S.A. Sponsored ADR $SUZ

Compass Rose Asset Management LP grew its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 51.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,600,000 shares of the company’s stock after purchasing an additional 545,000 shares during the period. Suzano comprises approximately 1.2% of Compass Rose Asset Management LP’s holdings, making the stock its 13th largest holding. Compass Rose Asset Management LP’s holdings in Suzano were worth $14,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Suzano by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after buying an additional 1,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Suzano by 16.2% during the first 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 period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Suzano by 16.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock worth $118,000 after purchasing an additional 1,754 shares during the period. Compound Planning Inc. boosted its holdings in shares of Suzano by 11.3% during the third quarter. Compound Planning Inc. now owns 18,569 shares of the company’s stock worth $175,000 after purchasing an additional 1,885 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Suzano by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 13,950 shares of the company’s stock worth $131,000 after purchasing an additional 1,992 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SUZ has been the subject of several research reports. Bank of America cut shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, April 7th. Jefferies Financial Group initiated coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target for the company. Weiss Ratings cut shares of Suzano from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Zacks Research cut shares of Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Suzano currently has a consensus rating of “Hold” and a consensus target price of $12.20.

Suzano Price Performance

Shares of SUZ opened at $8.04 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of 4.78, a PEG ratio of 0.18 and a beta of 0.55. The firm’s 50 day moving average price is $8.99 and its 200 day moving average price is $9.50. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. Suzano S.A. Sponsored ADR has a twelve month low of $8.00 and a twelve month high of $11.53.

Suzano Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.