Bank of America Corp DE Grows Stake in Suzano S.A. (NYSE:SUZ)

Bank of America Corp DE raised its stake in Suzano S.A. (NYSE:SUZ) by 1,179.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 799,848 shares of the company’s stock after purchasing an additional 737,349 shares during the quarter. Bank of America Corp DE owned about 0.06% of Suzano worth $9,631,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AMS Capital Ltda acquired a new position in Suzano in the second quarter worth about $38,359,000. Morgan Stanley boosted its stake in Suzano by 40.5% in the second quarter. Morgan Stanley now owns 918,235 shares of the company’s stock valued at $11,056,000 after acquiring an additional 264,473 shares during the period. Thomas White International Ltd. boosted its stake in Suzano by 2.4% in the second quarter. Thomas White International Ltd. now owns 529,623 shares of the company’s stock valued at $6,377,000 after acquiring an additional 12,458 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Suzano by 4.3% in the second quarter. UBS Asset Management Americas Inc. now owns 357,184 shares of the company’s stock valued at $4,300,000 after acquiring an additional 14,700 shares during the period. Finally, BlackRock Inc. boosted its stake in Suzano by 3.1% in the second quarter. BlackRock Inc. now owns 351,080 shares of the company’s stock valued at $4,227,000 after acquiring an additional 10,458 shares during the period. Institutional investors own 1.33% of the company’s stock.

A number of equities research analysts have recently weighed in on SUZ shares. The Goldman Sachs Group started coverage on Suzano in a report on Wednesday, September 15th. They set a “sell” rating on the stock. Morgan Stanley raised Suzano from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 24th.

Shares of NYSE:SUZ opened at $9.78 on Thursday. Suzano S.A. has a 12 month low of $8.37 and a 12 month high of $14.44. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 5.75 and a beta of 1.43. The stock’s 50 day moving average price is $9.35 and its 200 day moving average price is $10.76. The company has a debt-to-equity ratio of 5.50, a current ratio of 3.32 and a quick ratio of 2.80.

Suzano (NYSE:SUZ) last announced its earnings results on Thursday, October 28th. The company reported ($0.14) EPS for the quarter. Suzano had a return on equity of 120.87% and a net margin of 32.76%. The firm had revenue of $2.06 billion for the quarter.

Suzano Profile

Suzano SA engages in the production of hardwood pulp from eucalyptus and paper. It operates through the Pulp, and Paper segments. The Pulp segment comprises of production and sale of hardwood eucalyptus pulp and fluff mainly to supply the export market, with any surplus destined to the domestic market.

Further Reading: Momentum Investing

Institutional Ownership by Quarter for Suzano (NYSE:SUZ)

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