J.O. Hambro Capital Management Lt recently announced the acquisition of new stake in Suzano S.A. (NYSE:SUZ). The institutional investor has increased its shareholding in the Basic Materials company by 3.51% to 5.17 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 0.38% valued currently at $47.2 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.66 million to 3.92 million shares. And Renaissance Technologies LLC has lifted its position by 4.44% or 0.1 million shares – to 2.37 million shares.
With over 2.79 million Suzano S.A. (SUZ) shares trading Monday and a closing price of $8.42 on the day, the dollar volume was approximately $23.51 million. The shares have shown a negative half year performance of -3.66% and its price on 03/13/23 lost nearly -2.43%. Currently, there are 1.31B common shares owned by the public and among those 1.31B shares have been available to trade.
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The top 3 mutual fund holders in Suzano S.A. are SPDR S&P Global Natural Resources, JOHCM Emerging Markets Opportunit, and UBS. SPDR S&P Global Natural Resources owns 3.86 million shares of the company’s stock, all valued at over $35.25 million. JOHCM Emerging Markets Opportunit bought 0.1 million shares to see its total holdings expand to 1.48 million shares valued at over $13.51 million and representing 0.11% of the shares outstanding. UBS bought 79200.0 shares to bring its total holdings to over 0.9 million shares at a value of $8.21 million. UBS now owns shares totaling to 0.07% of the shares outstanding.
Shares of Suzano S.A. (NYSE: SUZ) opened at $8.61, down -$0.02 from a prior closing price of $8.63. However, the script later moved the day high at 8.67, down -2.43%. The company’s stock has a 5-day price change of -9.27% and -16.88% over the past three months. SUZ shares are trading -8.87% year to date (YTD), with the 12-month market performance down to -29.70% lower. It has a 12-month low price of $7.70 and touched a high of $12.68 over the same period. SUZ has an average intraday trading volume of 1.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.88%, -8.30%, and -10.56% respectively.
Institutional ownership of Suzano S.A. (NYSE: SUZ) shares accounts for 2.96% of the company’s 1.31B shares outstanding. Mutual fund holders own 0.72%, while other institutional holders and individual stakeholders account for 1.81% and — respectively.
It has a market capitalization of $11.16B. The stock’s trailing 12-month PE ratio is 2.56, while the earnings-per-share (ttm) stands at $3.29. The company has a PEG of 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.66% over the week and 2.28% over the month.
Analysts forecast that Suzano S.A. (SUZ) will achieve an EPS of $1.05 for the current quarter, $0 for the next quarter and $1.76 for 2023. The lowest estimate earnings-per-share for the quarter is $1.05 while analysts give the company a high EPS estimate of $1.05.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Suzano S.A. (SUZ) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 4 of the 14 advise that investors “hold,” and 2 rated it as a “Sell.”
