Suzano (NYSE:SUZ) Sees Unusually-High Trading Volume

Shares of Suzano S.A. (NYSE:SUZ) saw unusually-high trading volume on Tuesday . Approximately 3,048,271 shares traded hands during trading, an increase of 131% from the previous session’s volume of 1,317,880 shares.The stock last traded at $11.13 and had previously closed at $11.75.

Suzano Price Performance

The firm has a 50 day moving average price of $11.97 and a two-hundred day moving average price of $11.20. The company has a market cap of $13.72 billion, a P/E ratio of 4.86 and a beta of 1.10. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.20 and a current ratio of 2.61.

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

Institutional Investors Weigh In On Suzano

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Suzano by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after purchasing an additional 1,222 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in Suzano in the fourth quarter worth about $134,000. Ballentine Partners LLC bought a new position in shares of Suzano in the first quarter worth approximately $154,000. QRG Capital Management Inc. purchased a new position in Suzano in the 3rd quarter worth approximately $138,000. Finally, Advisor Partners II LLC lifted its stake in Suzano by 23.9% during the 3rd quarter. Advisor Partners II LLC now owns 12,862 shares of the company’s stock valued at $138,000 after acquiring an additional 2,479 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.