Suzano S.A. (NYSE:SUZ) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $14.66 and last traded at $14.66, with a volume of 1350 shares trading hands. The stock had previously closed at $15.20.
Separately, Citigroup cut Suzano from a “buy” rating to a “neutral” rating in a report on Friday, July 19th.
The company has a quick ratio of 1.14, a current ratio of 1.79 and a debt-to-equity ratio of 2.92.
Several institutional investors have recently modified their holdings of SUZ. Parametric Portfolio Associates LLC grew its position in Suzano by 9.2% in the second quarter. Parametric Portfolio Associates LLC now owns 48,254 shares of the company’s stock worth $822,000 after acquiring an additional 4,065 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Suzano by 78.1% during the second quarter. Asset Management One Co. Ltd. now owns 11,400 shares of the company’s stock valued at $194,000 after buying an additional 5,000 shares during the period. Aperio Group LLC boosted its position in shares of Suzano by 26.3% during the second quarter. Aperio Group LLC now owns 29,519 shares of the company’s stock valued at $503,000 after buying an additional 6,146 shares during the period. AQR Capital Management LLC bought a new stake in shares of Suzano during the second quarter valued at approximately $221,000. Finally, BlackRock Inc. bought a new stake in shares of Suzano during the second quarter valued at approximately $489,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.
Suzano Company Profile (NYSE:SUZ)
Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. The company offers coated and uncoated printing and writing papers, paperboards, tissue paper, market pulp, and fluff pulp; and lignin and its byproducts. It also engages in the plant genetic research and development for forestry, biopower, and biofuel industries.
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