Banco Santander S.A. Purchases 108,685 Shares of Suzano S.A. (NYSE:SUZ)

Banco Santander S.A. boosted its position in Suzano S.A. (NYSE:SUZ) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,370 shares of the company’s stock after purchasing an additional 108,685 shares during the period. Banco Santander S.A.’s holdings in Suzano were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in Suzano by 374.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,408 shares of the company’s stock worth $28,000 after purchasing an additional 2,689 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Suzano by 587.3% during the third quarter. Mondrian Investment Partners LTD now owns 8,302 shares of the company’s stock valued at $67,000 after acquiring an additional 7,094 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Suzano during the third quarter valued at approximately $83,000. Deltec Asset Management LLC bought a new stake in shares of Suzano during the third quarter valued at approximately $97,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Suzano during the third quarter valued at approximately $104,000. 0.43% of the stock is owned by institutional investors and hedge funds.

Suzano stock opened at $8.71 on Friday. The company’s 50 day moving average is $8.36. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 3.69. Suzano S.A. has a fifty-two week low of $6.63 and a fifty-two week high of $13.47. The company has a market capitalization of $12.48 billion and a P/E ratio of 40.76.

SUZ has been the subject of several research analyst reports. Goldman Sachs Group downgraded shares of Suzano from a “buy” rating to a “neutral” rating in a research note on Friday, September 20th. UBS Group downgraded shares of Suzano from a “neutral” rating to a “sell” rating in a research note on Thursday. ValuEngine raised shares of Suzano from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup downgraded shares of Suzano from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. The company offers coated and uncoated printing and writing papers, paperboards, tissue paper, market pulp, and fluff pulp; and lignin and its byproducts. It also engages in the plant genetic research and development for forestry, biopower, and biofuel industries.

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Institutional Ownership by Quarter for Suzano (NYSE:SUZ)

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