Dynamo Internacional Gestao DE Recursos LTDA. Grows Position in Suzano S.A. Sponsored ADR $SUZ

Dynamo Internacional Gestao DE Recursos LTDA. increased its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 565.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,589,234 shares of the company’s stock after acquiring an additional 2,200,000 shares during the period. Suzano accounts for approximately 8.9% of Dynamo Internacional Gestao DE Recursos LTDA.’s portfolio, making the stock its 3rd biggest position. Dynamo Internacional Gestao DE Recursos LTDA.’s holdings in Suzano were worth $25,918,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its stake in Suzano by 56.5% in the first quarter. Quantinno Capital Management LP now owns 155,551 shares of the company’s stock valued at $1,557,000 after acquiring an additional 56,168 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Suzano by 41.7% during the 1st quarter. Renaissance Technologies LLC now owns 714,300 shares of the company’s stock worth $7,150,000 after purchasing an additional 210,200 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Suzano by 11.8% during the 1st quarter. Compound Planning Inc. now owns 22,356 shares of the company’s stock worth $224,000 after purchasing an additional 2,368 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in shares of Suzano by 39.6% in the 1st quarter. Kapitalo Investimentos Ltda now owns 1,094,733 shares of the company’s stock valued at $10,958,000 after purchasing an additional 310,283 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Suzano by 48.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 529,775 shares of the company’s stock valued at $5,303,000 after purchasing an additional 172,313 shares during the period. Institutional investors own 2.55% of the company’s stock.

Suzano Trading Down 0.9%

Shares of NYSE:SUZ opened at $8.21 on Tuesday. The business’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $9.23. Suzano S.A. Sponsored ADR has a 1 year low of $7.55 and a 1 year high of $11.53. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80. The company has a market capitalization of $10.19 billion, a P/E ratio of 4.89, a P/E/G ratio of 0.13 and a beta of 0.56.

Analyst Ratings Changes

SUZ has been the subject of a number of recent analyst reports. Weiss Ratings cut Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Tuesday, April 7th. Finally, Zacks Research raised Suzano from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.