Suzano (NYSE:SUZ) Sees Large Volume Increase – Here’s What Happened

Suzano S.A. (NYSE:SUZ) shares saw strong trading volume on Friday . 1,047,095 shares traded hands during trading, a decline of 43% from the previous session’s volume of 1,822,317 shares.The stock last traded at $10.25 and had previously closed at $10.04.

Suzano Stock Performance

The company has a market cap of $13.69 billion, a PE ratio of 15.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17. The stock’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $9.81.

Hedge Funds Weigh In On Suzano

A number of large investors have recently bought and sold shares of SUZ. Janus Henderson Group PLC increased its holdings in shares of Suzano by 44.0% in the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company’s stock valued at $8,278,000 after purchasing an additional 198,068 shares in the last quarter. Deltec Asset Management LLC purchased a new position in shares of Suzano in the 2nd quarter valued at about $675,000. Caprock Group LLC purchased a new position in shares of Suzano in the 2nd quarter valued at about $103,000. Waterfront Wealth Inc. increased its holdings in Suzano by 23.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after acquiring an additional 52,334 shares in the last quarter. Finally, Kapitalo Investimentos Ltda increased its holdings in Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after acquiring an additional 2,139,719 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.