Ramirez Asset Management Inc. Grows Holdings in Suzano S.A. Sponsored ADR $SUZ

Ramirez Asset Management Inc. grew its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 850,261 shares of the company’s stock after buying an additional 168,044 shares during the quarter. Suzano accounts for about 1.0% of Ramirez Asset Management Inc.’s investment portfolio, making the stock its 24th largest holding. Ramirez Asset Management Inc.’s holdings in Suzano were worth $7,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Suzano by 80.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 443,593 shares of the company’s stock valued at $4,170,000 after buying an additional 197,898 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Suzano by 274.1% during the third quarter. Principal Financial Group Inc. now owns 371,468 shares of the company’s stock worth $3,492,000 after purchasing an additional 272,168 shares during the last quarter. Seafarer Capital Partners LLC bought a new position in Suzano during the fourth quarter worth $2,475,000. Aberdeen Group plc bought a new position in Suzano during the fourth quarter worth $1,056,000. Finally, Compass Rose Asset Management LP bought a new position in Suzano during the third quarter worth $9,917,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Stock Performance

SUZ stock opened at $8.19 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.80 and a current ratio of 3.51. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 0.18 and a beta of 0.55. Suzano S.A. Sponsored ADR has a 1 year low of $8.00 and a 1 year high of $11.53. The stock’s fifty day moving average is $8.96 and its two-hundred day moving average is $9.49.

Wall Street Analysts Forecast Growth

SUZ has been the topic of several research analyst reports. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, April 7th. Zacks Research cut Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings cut Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.20.

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.