Schonfeld Strategic Advisors LLC Has $490,000 Holdings in Suzano S.A. (NYSE:SUZ)

Schonfeld Strategic Advisors LLC cut its holdings in Suzano S.A. (NYSE:SUZ) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,432 shares of the company’s stock after selling 6,979 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Suzano were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SUZ. Atlas FRM LLC boosted its stake in shares of Suzano by 13.1% during the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company’s stock worth $175,278,000 after acquiring an additional 2,000,000 shares in the last quarter. Ranmore Fund Management Ltd bought a new stake in Suzano during the fourth quarter worth approximately $8,022,000. Marshall Wace LLP grew its holdings in Suzano by 111.7% during the fourth quarter. Marshall Wace LLP now owns 1,058,200 shares of the company’s stock valued at $10,709,000 after purchasing an additional 558,224 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of Suzano by 162.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 517,821 shares of the company’s stock valued at $5,241,000 after purchasing an additional 320,498 shares during the period. Finally, Constellation Investimentos e Participacoes Ltda lifted its stake in shares of Suzano by 132.3% in the fourth quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company’s stock worth $4,335,000 after buying an additional 244,000 shares during the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Suzano Stock Performance

SUZ opened at $8.91 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81. The stock’s 50 day moving average price is $9.14 and its two-hundred day moving average price is $9.89. The firm has a market capitalization of $11.80 billion, a P/E ratio of 14.14 and a beta of 0.94. Suzano S.A. has a 12-month low of $8.41 and a 12-month high of $10.98.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. On average, equities analysts forecast that Suzano S.A. will post 1.93 earnings per share for the current year.

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.