Suzano S.A. (NYSE:SUZ) Position Cut by US Bancorp DE

US Bancorp DE lowered its holdings in shares of Suzano S.A. (NYSE:SUZ) by 14.5% during the 3rd quarter, Holdings Channel reports. The fund owned 7,630 shares of the company’s stock after selling 1,289 shares during the period. US Bancorp DE’s holdings in Suzano were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SUZ. QRG Capital Management Inc. raised its stake in shares of Suzano by 48.7% during the first quarter. QRG Capital Management Inc. now owns 22,486 shares of the company’s stock valued at $287,000 after purchasing an additional 7,367 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Suzano by 44.0% during the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock worth $8,278,000 after buying an additional 198,068 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Suzano in the 2nd quarter worth approximately $1,097,000. Deltec Asset Management LLC bought a new position in shares of Suzano in the second quarter valued at approximately $675,000. Finally, Van ECK Associates Corp increased its stake in shares of Suzano by 26.1% during the second quarter. Van ECK Associates Corp now owns 53,403 shares of the company’s stock valued at $548,000 after acquiring an additional 11,059 shares during the period. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE:SUZ opened at $10.64 on Friday. The stock’s 50 day moving average price is $10.00 and its 200 day moving average price is $9.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 16.89 and a beta of 0.98. Suzano S.A. has a 12 month low of $8.78 and a 12 month high of $12.98.

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.