Suzano S.A. (NYSE:SUZ) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. trimmed its stake in shares of Suzano S.A. (NYSE:SUZ – Free Report) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,362 shares of the company’s stock after selling 1,536 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Suzano were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Perpetual Ltd acquired a new stake in Suzano in the first quarter worth $33,960,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Suzano in the 1st quarter worth about $8,965,000. Marshall Wace LLP bought a new stake in Suzano in the 4th quarter valued at about $7,598,000. State Street Corp boosted its stake in Suzano by 24.7% during the 2nd quarter. State Street Corp now owns 3,772,196 shares of the company’s stock valued at $35,760,000 after purchasing an additional 746,200 shares during the period. Finally, Thomas White International Ltd. grew its position in Suzano by 1,979,535.7% in the 1st quarter. Thomas White International Ltd. now owns 554,298 shares of the company’s stock worth $4,551,000 after purchasing an additional 554,270 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

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Suzano Stock Performance

SUZ opened at $10.66 on Thursday. Suzano S.A. has a twelve month low of $7.46 and a twelve month high of $11.43. The stock has a market cap of $14.51 billion, a PE ratio of 3.12, a price-to-earnings-growth ratio of 0.72 and a beta of 1.16. The business’s 50 day moving average is $10.20 and its 200-day moving average is $9.25. The company has a current ratio of 2.56, a quick ratio of 2.13 and a debt-to-equity ratio of 1.62.

Suzano (NYSE:SUZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.19). Suzano had a return on equity of 64.65% and a net margin of 47.44%. The business had revenue of $1.85 billion for the quarter. On average, analysts predict that Suzano S.A. will post 2.23 earnings per share for the current year.

Suzano Profile

(Free Report)

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.

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