GAMMA Investing LLC Grows Stock Position in Suzano S.A. (NYSE:SUZ)

GAMMA Investing LLC boosted its position in Suzano S.A. (NYSE:SUZ) by 58.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,791 shares of the company’s stock after buying an additional 1,027 shares during the period. GAMMA Investing LLC’s holdings in Suzano were worth $28,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SUZ. Atlas FRM LLC raised its holdings in Suzano by 73.0% during the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock worth $126,526,000 after purchasing an additional 5,200,000 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in shares of Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock worth $35,387,000 after purchasing an additional 2,139,719 shares during the period. Marshall Wace LLP purchased a new position in shares of Suzano in the 2nd quarter valued at about $9,310,000. Sagil Capital LLP acquired a new stake in shares of Suzano in the second quarter valued at about $6,324,000. Finally, State Street Corp grew its position in Suzano by 14.1% during the third quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after buying an additional 568,618 shares during the period. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Trading Down 0.3 %

Shares of Suzano stock opened at $10.14 on Wednesday. The company has a 50-day moving average of $10.30 and a two-hundred day moving average of $10.01. The stock has a market cap of $13.43 billion, a PE ratio of 16.10 and a beta of 0.94. 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 12-month low of $8.78 and a 12-month high of $12.98.

Suzano Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.3366 per share. The ex-dividend date is Wednesday, December 18th. This represents a yield of 1.6%. Suzano’s dividend payout ratio is presently 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.