Contrarian Capital Management Has Raised Position in Gerdau S A (GGB) by $9.58 Million as Market Valuation Declined; Pinnacle Foods (PF) Market Valuation Rose While Quantbot Technologies LP Boosted Stake

October 12, 2017 - By Clifton Ray

Jon Bauer increased its stake in Gerdau S A (GGB) by 44.83% based on its latest 2017Q2 regulatory filing with the SEC. Contrarian Capital Management Llc bought 3.19M shares as the company’s stock declined 32.55% while stock markets rallied. The hedge fund run by Jon Bauer held 10.31M shares of the steel and iron ore company at the end of 2017Q2, valued at $31.46 million, up from 7.12M at the end of the previous reported quarter. Contrarian Capital Management Llc who had been investing in Gerdau S A for a number of months, seems to be bullish on the $5.89 billion market cap company. The stock rose 0.59% or $0.02 reaching $3.43 per share. About 360,089 shares traded. Gerdau SA (ADR) (NYSE:GGB) has risen 83.44% since October 12, 2016 and is uptrending. It has outperformed by 66.74% the S&P500.

Quantbot Technologies Lp increased its stake in Pinnacle Foods Inc (PF) by 233.09% based on its latest 2017Q2 regulatory filing with the SEC. Quantbot Technologies Lp bought 12,207 shares as the company’s stock rose 8.46% with the market. The hedge fund held 17,444 shares of the consumer non-durables company at the end of 2017Q2, valued at $1.04 million, up from 5,237 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Pinnacle Foods Inc for a number of months, seems to be bullish on the $6.78 billion market cap company. The stock rose 0.70% or $0.4 reaching $57.19 per share. About 47,698 shares traded. Pinnacle Foods Inc (NYSE:PF) has risen 41.67% since October 12, 2016 and is uptrending. It has outperformed by 24.97% the S&P500.




Quantbot Technologies Lp, which manages about $581.51M and $1.06B US Long portfolio, decreased its stake in Cigna Corp (NYSE:CI) by 24,522 shares to 14,909 shares, valued at $2.50M in 2017Q2, according to the filing. It also reduced its holding in First Solar Inc (NASDAQ:FSLR) by 43,072 shares in the quarter, leaving it with 5,796 shares, and cut its stake in Brown (NYSE:BF.B).

More news for Pinnacle Foods Inc (NYSE:PF) were recently published by: Thestreet.com, which released: “Pepsico, Pinnacle Foods Likely to Kick Tires at Hain After Activist Takes Helm” on September 29, 2017. Zacks.com‘s article titled: “Pinnacle Foods Grows on Acquisitions Despite Industry Woes” and published on October 06, 2017 is yet another important article.

Investors sentiment is 1.11 in Q2 2017. Its the same as in 2017Q1. It is flat, as 29 investors sold PF shares while 106 reduced holdings. only 53 funds opened positions while 97 raised stakes. 110.55 million shares or 1.67% less from 112.42 million shares in 2017Q1 were reported. Art Advisors Ltd Liability Corporation has invested 0.11% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Hutchin Hill LP reported 152,100 shares or 0.3% of all its holdings. Federated Invsts Pa reported 29,880 shares. Brant Point Inv Mngmt Lc owns 101,300 shares. Geode Cap Mgmt Ltd Liability holds 0.02% of its portfolio in Pinnacle Foods Inc (NYSE:PF) for 927,032 shares. Macquarie Gru holds 860,993 shares. Avalon Lc holds 0.08% or 40,103 shares in its portfolio. Focused Wealth holds 0% or 175 shares. Metropolitan Life Insur New York stated it has 0% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Alliancebernstein Lp reported 0% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Brown Advisory holds 33,261 shares or 0.01% of its portfolio. Amalgamated National Bank, New York-based fund reported 21,428 shares. Switzerland-based Credit Suisse Ag has invested 0.07% in Pinnacle Foods Inc (NYSE:PF). First Quadrant Lp Ca has 2,057 shares. Ahl Prns Llp owns 0.12% invested in Pinnacle Foods Inc (NYSE:PF) for 96,382 shares.

Among 13 analysts covering Pinnacle Foods Inc (NYSE:PF), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Pinnacle Foods Inc had 26 analyst reports since October 19, 2015 according to SRatingsIntel. As per Tuesday, July 25, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of PF in report on Wednesday, November 25 with “Outperform” rating. Buckingham Research upgraded the shares of PF in report on Wednesday, March 2 to “Buy” rating. The company was maintained on Wednesday, September 6 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Friday, September 29 with “Buy”. The stock of Pinnacle Foods Inc (NYSE:PF) has “Buy” rating given on Tuesday, August 15 by Stifel Nicolaus. The firm earned “Buy” rating on Monday, June 26 by BMO Capital Markets. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Buy” rating by BMO Capital Markets on Friday, July 28. Stifel Nicolaus maintained Pinnacle Foods Inc (NYSE:PF) on Monday, September 18 with “Buy” rating. UBS maintained the stock with “Buy” rating in Monday, August 28 report.

Among 7 analysts covering Gerdau (NYSE:GGB), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. Gerdau had 9 analyst reports since August 10, 2015 according to SRatingsIntel. Bank of America downgraded Gerdau SA (ADR) (NYSE:GGB) on Monday, February 22 to “Underperform” rating. As per Monday, August 10, the company rating was initiated by Goldman Sachs. The company was upgraded on Friday, September 1 by J.P. Morgan. The firm has “Outperform” rating given on Thursday, August 4 by Credit Suisse. The rating was downgraded by Scotia Capital to “Underperform” on Tuesday, October 25. The stock of Gerdau SA (ADR) (NYSE:GGB) has “Overweight” rating given on Friday, September 1 by JP Morgan. Credit Suisse downgraded Gerdau SA (ADR) (NYSE:GGB) on Thursday, September 7 to “Hold” rating. The stock of Gerdau SA (ADR) (NYSE:GGB) has “Overweight” rating given on Thursday, August 18 by Morgan Stanley.

More news for Gerdau SA (ADR) (NYSE:GGB) were recently published by: Quotes.Wsj.com, which released: “Gerdau S/A ADR” on February 11, 2011. Finance.Yahoo.com‘s article titled: “Gerdau SA (ADR) Steel Maker Financial Review and 2017 Outlook” and published on April 24, 2017 is yet another important article.

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