SPX Gestao de Recursos Ltda Sells 3,586 Shares of Suzano S.A. (NYSE:SUZ)

SPX Gestao de Recursos Ltda trimmed its position in Suzano S.A. (NYSE:SUZ) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,315 shares of the company’s stock after selling 3,586 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Suzano were worth $1,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SUZ. Waldron Private Wealth LLC bought a new position in Suzano during the third quarter worth about $25,000. Caprock Group LLC bought a new stake in shares of Suzano during the second quarter worth $103,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Suzano in the 3rd quarter worth $107,000. Atomi Financial Group Inc. bought a new position in Suzano during the 3rd quarter worth about $122,000. Finally, Choreo LLC acquired a new stake in shares of Suzano in the 2nd quarter valued at about $128,000. Institutional investors own 2.55% of the company’s stock.

Suzano Stock Down 1.2 %

Shares of NYSE SUZ traded down $0.13 during mid-day trading on Friday, hitting $10.33. The company had a trading volume of 336,767 shares, compared to its average volume of 1,818,630. The company has a market capitalization of $13.68 billion, a PE ratio of 16.49 and a beta of 0.95. Suzano S.A. has a one year low of $8.78 and a one year high of $12.98. The firm has a 50-day simple moving average of $10.28 and a two-hundred day simple moving average of $9.87. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 1.92.

Suzano Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $0.3366 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano’s dividend payout ratio is 42.86%.

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.