Constellation Investimentos e Participacoes Ltda Raises Stock Position in Suzano S.A. (NYSE:SUZ)

Constellation Investimentos e Participacoes Ltda grew its stake in shares of Suzano S.A. (NYSE:SUZ) by 132.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,400 shares of the company’s stock after buying an additional 244,000 shares during the quarter. Suzano comprises 4.2% of Constellation Investimentos e Participacoes Ltda’s holdings, making the stock its 5th biggest position. Constellation Investimentos e Participacoes Ltda’s holdings in Suzano were worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SUZ. Atlas FRM LLC increased its stake in shares of Suzano by 73.0% in the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock worth $126,526,000 after acquiring an additional 5,200,000 shares during the last quarter. Kapitalo Investimentos Ltda boosted its position in shares of 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 acquiring an additional 2,139,719 shares during the period. Marshall Wace LLP acquired a new stake in Suzano during the second quarter worth about $9,310,000. State Street Corp increased its holdings in Suzano by 14.1% in the 3rd 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. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Suzano in the 2nd quarter valued at approximately $2,806,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Price Performance

Shares of Suzano stock opened at $10.31 on Friday. The firm’s 50-day moving average price is $10.29 and its two-hundred day moving average price is $10.02. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 1.92. Suzano S.A. has a 1-year low of $8.78 and a 1-year high of $12.98. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 16.36 and a beta of 0.94.

Suzano Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $0.3366 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a yield of 1.6%. Suzano’s dividend payout ratio is currently 42.86%.

About Suzano

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.