Quantinno Capital Management LP Grows Stock Holdings in Suzano S.A. (NYSE:SUZ)

Quantinno Capital Management LP boosted its holdings in Suzano S.A. (NYSE:SUZ) by 20.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,013 shares of the company’s stock after buying an additional 2,504 shares during the quarter. Quantinno Capital Management LP’s holdings in Suzano were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SUZ. Atlas FRM LLC increased its stake in Suzano by 73.0% in the second quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after purchasing an additional 5,200,000 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in shares of Suzano by 152.9% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after buying an additional 2,139,719 shares during the last quarter. Marshall Wace LLP acquired a new stake in Suzano during the 2nd quarter worth $9,310,000. Sagil Capital LLP purchased a new stake in Suzano in the second quarter valued at $6,324,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in Suzano in the second quarter valued at $2,806,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Trading Up 1.0 %

SUZ opened at $10.43 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. Suzano S.A. has a 52 week low of $8.78 and a 52 week high of $12.98. The business’s 50 day moving average is $10.29 and its two-hundred day moving average is $9.89. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 16.56 and a beta of 0.95.

Suzano Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $0.3366 dividend. The ex-dividend date is Wednesday, December 18th. This represents a yield of 1.6%. Suzano’s dividend payout ratio (DPR) is 42.86%.

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.