First Trust Direct Indexing L.P. Has $101,000 Stake in Suzano S.A. (NYSE:SUZ)

First Trust Direct Indexing L.P. decreased its position in shares of Suzano S.A. (NYSE:SUZ) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,122 shares of the company’s stock after selling 1,374 shares during the period. First Trust Direct Indexing L.P.’s holdings in Suzano were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SUZ. Waldron Private Wealth LLC acquired a new stake in shares of Suzano during the third quarter worth approximately $25,000. Caprock Group LLC acquired a new stake in shares of Suzano during the second quarter worth approximately $103,000. Atomi Financial Group Inc. acquired a new stake in shares of Suzano during the third quarter worth approximately $122,000. Choreo LLC acquired a new stake in shares of Suzano during the second quarter worth approximately $128,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Suzano during the first quarter worth approximately $183,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Price Performance

SUZ opened at $10.50 on Wednesday. Suzano S.A. has a one year low of $8.78 and a one year high of $12.98. 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 company’s 50 day simple moving average is $9.92 and its 200-day simple moving average is $9.90. The stock has a market capitalization of $13.90 billion, a P/E ratio of 16.67 and a beta of 0.98.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.56) EPS for the quarter. Suzano had a net margin of 9.69% and a return on equity of 9.80%. The company had revenue of $2.21 billion for the quarter. Sell-side analysts anticipate that Suzano S.A. will post 0.63 earnings per share for the current fiscal year.

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.