Fairpointe Capital Lowered By $1.91 Million Its Gerdau S A Sponsored Adr (GGB) Position; Ipass (IPAS)’s Sentiment Is 0.65

January 14, 2018 - By Marguerite Chambers

iPass Inc. provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. The company has market cap of $32.30 million. The firm offers mobile connectivity services that provide cloud solution allowing clients and their users access to its Wi-Fi network to stay connected to the people and information. It currently has negative earnings. It offers business to business mobile connectivity solutions to large and small enterprises, as well as to strategic partnerships comprising original equipment manufacturers, loyalty programs, software product and service providers, and communication companies; and iPass SmartConnect that takes the guesswork out of Wi-Fi automatically connecting clients to the hotspot for their needs.

Fairpointe Capital Llc decreased Gerdau S A Sponsored Adr (GGB) stake by 2.88% reported in 2017Q3 SEC filing. Fairpointe Capital Llc sold 635,189 shares as Gerdau S A Sponsored Adr (GGB)’s stock declined 32.55%. The Fairpointe Capital Llc holds 21.44 million shares with $73.56 million value, down from 22.08M last quarter. Gerdau S A Sponsored Adr now has $7.91 billion valuation. The stock increased 0.65% or $0.03 during the last trading session, reaching $4.66. About 21.16M shares traded or 144.93% up from the average. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 14, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Gerdau had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Bank of America given on Monday, February 22. The company was upgraded on Monday, November 27 by Bank of America. The firm earned “Buy” rating on Friday, September 1 by J.P. Morgan. As per Thursday, August 18, the company rating was upgraded by Morgan Stanley. The rating was initiated by Goldman Sachs with “Buy” on Monday, August 10. The firm earned “Underperform” rating on Tuesday, October 25 by Scotia Capital. The rating was upgraded by JP Morgan on Friday, September 1 to “Overweight”. As per Thursday, August 4, the company rating was upgraded by Credit Suisse. The firm has “Hold” rating given on Thursday, September 7 by Credit Suisse.

Fairpointe Capital Llc increased Unisys Corporation (NYSE:UIS) stake by 80,886 shares to 6.10M valued at $51.87M in 2017Q3. It also upped Time Inc. (NYSE:TIME) stake by 457,379 shares and now owns 11.04 million shares. Akamai Technologies (NASDAQ:AKAM) was raised too.

Ratings analysis reveals 50% of iPass’s analysts are positive. Out of 2 Wall Street analysts rating iPass, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. IPAS was included in 2 notes of analysts from October 19, 2016. Chardan Capital Markets downgraded the stock to “Neutral” rating in Friday, December 16 report. The firm has “Buy” rating by Maxim Group given on Wednesday, October 19.

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