Suzano S.A. (NYSE:SUZ) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its holdings in shares of Suzano S.A. (NYSE:SUZ) by 1,036.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 724,874 shares of the company’s stock after buying an additional 661,092 shares during the period. Balyasny Asset Management L.P. owned 0.05% of Suzano worth $7,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas FRM LLC raised its stake in Suzano by 13.1% during the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company’s stock valued at $175,278,000 after acquiring an additional 2,000,000 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Suzano by 465.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company’s stock valued at $37,242,000 after purchasing an additional 3,029,016 shares in the last quarter. Marshall Wace LLP lifted its holdings in Suzano by 111.7% in the fourth quarter. Marshall Wace LLP now owns 1,058,200 shares of the company’s stock worth $10,709,000 after purchasing an additional 558,224 shares during the period. American Century Companies Inc. grew its position in Suzano by 5.8% in the 4th quarter. American Century Companies Inc. now owns 932,954 shares of the company’s stock valued at $9,441,000 after buying an additional 50,971 shares in the last quarter. Finally, Ranmore Fund Management Ltd acquired a new position in Suzano during the 4th quarter valued at about $8,022,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Down 0.8 %

Shares of SUZ stock opened at $8.91 on Friday. Suzano S.A. has a 1 year low of $8.41 and a 1 year high of $10.98. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72. The business’s fifty day moving average is $9.14 and its 200-day moving average is $9.89. The stock has a market cap of $11.80 billion, a PE ratio of 14.14 and a beta of 0.94.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Suzano to a “strong-buy” rating in a research note on Thursday, April 10th.

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.