Optiver Holding B.V. Sells 128,905 Shares of Suzano S.A. Sponsored ADR $SUZ

Optiver Holding B.V. reduced its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 35.6% during the first quarter, HoldingsChannel reports. The firm owned 233,031 shares of the company’s stock after selling 128,905 shares during the period. Optiver Holding B.V.’s holdings in Suzano were worth $2,333,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Suzano by 80.5% in the third 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 period. Aberdeen Group plc acquired a new stake in Suzano during the 4th quarter worth about $1,056,000. Kapitalo Investimentos Ltda grew its holdings in Suzano by 249.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 784,450 shares of the company’s stock worth $7,327,000 after acquiring an additional 559,952 shares during the period. Compass Rose Asset Management LP raised its position in shares of Suzano by 51.7% in the 4th quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company’s stock worth $14,944,000 after acquiring an additional 545,000 shares in the last quarter. Finally, Dynamo Internacional Gestao DE Recursos LTDA. raised its position in shares of Suzano by 565.2% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock worth $25,918,000 after acquiring an additional 2,200,000 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SUZ shares. Zacks Research raised Suzano from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded Suzano from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Suzano currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Suzano Stock Performance

Shares of Suzano stock opened at $8.54 on Friday. The business has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $9.20. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one 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 firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 0.14 and a beta of 0.56.

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.