Ritholtz Wealth Management Has $269,000 Stock Holdings in Suzano S.A. (NYSE:SUZ)

Ritholtz Wealth Management lowered its holdings in shares of Suzano S.A. (NYSE:SUZ) by 27.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,901 shares of the company’s stock after selling 10,187 shares during the period. Ritholtz Wealth Management’s holdings in Suzano were worth $269,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC grew its position in Suzano by 44.0% in the first quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after acquiring an additional 198,068 shares during the last quarter. Deltec Asset Management LLC bought a new stake in shares of Suzano during the 2nd quarter valued at approximately $675,000. Principal Financial Group Inc. acquired a new position in Suzano during the 1st quarter worth approximately $1,640,000. Caprock Group LLC bought a new position in Suzano in the 2nd quarter valued at approximately $103,000. Finally, Waterfront Wealth Inc. boosted its position in Suzano by 23.2% in the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after buying an additional 52,334 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors.

Suzano Stock Performance

NYSE SUZ opened at $9.73 on Friday. Suzano S.A. has a fifty-two week low of $8.78 and a fifty-two week high of $12.98. The stock has a market cap of $12.88 billion, a PE ratio of 6.95 and a beta of 0.98. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.03 and a current ratio of 2.48. The firm’s fifty day moving average price is $9.88 and its two-hundred day moving average price is $10.10.

Suzano (NYSE:SUZ) last issued its earnings results on Thursday, August 8th. The company reported ($0.56) earnings per share (EPS) for the quarter. Suzano had a return on equity of 0.98% and a net margin of 1.05%. The firm had revenue of $2.21 billion during the quarter. On average, equities analysts expect that Suzano S.A. will post 0.63 EPS for the current fiscal year.

Suzano 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.