First Trust Direct Indexing L.P. Sells 1,689 Shares of Suzano S.A. (NYSE:SUZ)

First Trust Direct Indexing L.P. reduced its position in Suzano S.A. (NYSE:SUZ) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,038 shares of the company’s stock after selling 1,689 shares during the period. First Trust Direct Indexing L.P.’s holdings in Suzano were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ramirez Asset Management Inc. bought a new position in shares of Suzano in the third quarter valued at about $7,301,000. American Century Companies Inc. raised its holdings in Suzano by 14.1% in the 3rd quarter. American Century Companies Inc. now owns 656,940 shares of the company’s stock valued at $7,062,000 after acquiring an additional 81,264 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in Suzano by 693.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 317,512 shares of the company’s stock worth $3,606,000 after acquiring an additional 277,471 shares during the last quarter. Waterfront Wealth Inc. boosted its holdings in shares of Suzano by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 196,969 shares of the company’s stock worth $2,238,000 after acquiring an additional 2,502 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Suzano by 9.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 144,816 shares of the company’s stock valued at $1,557,000 after purchasing an additional 12,897 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

Suzano Price Performance

Shares of NYSE SUZ opened at $10.36 on Thursday. The business’s 50 day moving average is $11.99 and its 200-day moving average is $11.20. The firm has a market cap of $13.71 billion, a P/E ratio of 4.86 and a beta of 1.10. Suzano S.A. has a 1-year low of $8.15 and a 1-year high of $12.98. The company has a current ratio of 2.61, a quick ratio of 2.20 and a debt-to-equity ratio of 1.62.

Suzano (NYSE:SUZ) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $2.09 billion for the quarter. Suzano had a return on equity of 33.35% and a net margin of 35.19%. Equities research analysts predict that Suzano S.A. will post 10.59 earnings per share for the current year.

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.