Contrarian Capital Management Has Decreased By $1.80 Million Its Gerdau S A (GGB) Holding; Tortoise Energy Independence Fund Has 1.18 Sentiment

April 13, 2018 - By Dolores Ford

Gerdau S.A. (NYSE:GGB) Logo

Tortoise Energy Independence Fund Inc (NDP) investors sentiment increased to 1.18 in Q4 2017. It’s up 0.35, from 0.83 in 2017Q3. The ratio improved, as 13 funds increased and opened new stock positions, while 11 cut down and sold their stock positions in Tortoise Energy Independence Fund Inc. The funds in our database now have: 1.50 million shares, down from 1.63 million shares in 2017Q3. Also, the number of funds holding Tortoise Energy Independence Fund Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 9 Increased: 4 New Position: 9.

Contrarian Capital Management Llc decreased Gerdau S A (GGB) stake by 5.58% reported in 2017Q4 SEC filing. Contrarian Capital Management Llc sold 600,045 shares as Gerdau S A (GGB)’s stock rose 20.75%. The Contrarian Capital Management Llc holds 10.15 million shares with $37.77 million value, down from 10.75M last quarter. Gerdau S A now has $7.93B valuation. The stock decreased 0.63% or $0.03 during the last trading session, reaching $4.76. About 5.27M shares traded. Gerdau S.A. (NYSE:GGB) has risen 28.74% since April 13, 2017 and is uptrending. It has outperformed by 17.19% the S&P500.

The stock increased 1.20% or $0.14 during the last trading session, reaching $11.85. About 71,940 shares traded. Tortoise Energy Independence Fund, Inc. (NDP) has 0.00% since April 13, 2017 and is . It has underperformed by 11.55% the S&P500.

Advisors Asset Management Inc. holds 0.08% of its portfolio in Tortoise Energy Independence Fund, Inc. for 381,770 shares. Thomas J. Herzfeld Advisors Inc. owns 9,350 shares or 0.05% of their US portfolio. Moreover, Clough Capital Partners L P has 0.03% invested in the company for 31,297 shares. The Illinois-based Wolverine Asset Management Llc has invested 0.03% in the stock. Cambridge Investment Research Advisors Inc., a Iowa-based fund reported 118,717 shares.

Contrarian Capital Management Llc increased Ternium Sa (NYSE:TX) stake by 830,592 shares to 2.00 million valued at $63.28M in 2017Q4. It also upped Peabody Energy Corp New stake by 4.49M shares and now owns 4.89M shares. Gol Linhas Aereas Intlg S A was raised too.

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