Suzano (NYSE:SUZ) Sees Large Volume Increase – Here’s What Happened

Suzano S.A. (NYSE:SUZ) shares saw strong trading volume on Friday . 1,047,095 shares traded hands during trading, a decline of 43% from the previous session’s volume of 1,822,317 shares.The stock last traded at $10.25 and had previously closed at $10.04.

Suzano Price Performance

The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 15.94 and a beta of 0.98. The company’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $9.81. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 1.92.

Institutional Investors Weigh In On Suzano

Several hedge funds have recently modified their holdings of the stock. Atlas FRM LLC raised its holdings in Suzano by 73.0% in the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after buying an additional 5,200,000 shares during the period. State Street Corp raised its holdings in Suzano by 14.1% in the third quarter. State Street Corp now owns 4,597,801 shares of the company’s stock valued at $45,978,000 after buying an additional 568,618 shares during the period. Kapitalo Investimentos Ltda raised its holdings in Suzano by 152.9% in the third quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after buying an additional 2,139,719 shares during the period. Marshall Wace LLP purchased a new stake in shares of Suzano during the second quarter valued at approximately $9,310,000. Finally, Janus Henderson Group PLC raised its stake in shares of Suzano by 44.0% during the first quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after purchasing an additional 198,068 shares during the period. 2.55% of the stock is owned by institutional investors and hedge funds.

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.