Gerdau S.A. (GGB) Reaches $3.80 After 8.00% Down Move; Moon Capital Management LP Increased Bed Bath & Beyond (BBBY) Position

June 14, 2018 - By George Granger

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Logo

The stock of Gerdau S.A. (NYSE:GGB) is a huge mover today! The stock decreased 2.44% or $0.095 during the last trading session, reaching $3.795. About 3.51 million shares traded. Gerdau S.A. (NYSE:GGB) has risen 51.08% since June 14, 2017 and is uptrending. It has outperformed by 38.51% the S&P500. Some Historical GGB News: ; 09/05/2018 – GERDAU MAY RAISE NORTH AMERICA ’18 UTILIZED CAPACITY TO 85%:CEO; 27/03/2018 – S&P REVISES GERDAU S.A. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘BBB-‘; 15/03/2018 – UBS Goes Against Grain on Brazil Steelmaker Gerdau’s Trump Bump; 19/04/2018 – MOODY’S ASSIGNS BA3 RATING TO CMC’S PROPOSED NOTES; ALL OTHER RATINGS REMAIN ON REVIEW FOR DOWNGRADE; 27/03/2018 – S&P REVISES GERDAU AMERISTEEL CORP. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘BBB-‘; 07/03/2018 EMERGING MARKETS-Brazilian equities lead regional losses as tariff fears heat up; 19/04/2018 – GERDAU RAISES PRICE OF CONCRETE REBAR PRODUCTS IN UNITED STATES; 04/04/2018 – EMERGING MARKETS-Politics, trade talk boost Mexico, rattle Brazil; 09/05/2018 – CORRECT: GERDAU 1Q ADJ NET R$451M; 07/03/2018 – EMERGING MARKETS-Latin American equities down as tariff fears heat upThe move comes after 7 months negative chart setup for the $5.72 billion company. It was reported on Jun, 14 by Barchart.com. We have $3.49 PT which if reached, will make NYSE:GGB worth $457.68M less.

Moon Capital Management Lp increased Bed Bath & Beyond Inc (BBBY) stake by 640.22% reported in 2018Q1 SEC filing. Moon Capital Management Lp acquired 320,111 shares as Bed Bath & Beyond Inc (BBBY)’s stock declined 17.09%. The Moon Capital Management Lp holds 370,111 shares with $7.77 million value, up from 50,000 last quarter. Bed Bath & Beyond Inc now has $2.79B valuation. The stock decreased 0.15% or $0.03 during the last trading session, reaching $19.86. About 1.83M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 48.23% since June 14, 2017 and is downtrending. It has underperformed by 60.80% the S&P500. Some Historical BBBY News: ; 24/05/2018 – BED BATH & BEYOND INC – APPOINTMENT EXPANDS BOARD TO 12 MEMBERS; 12/04/2018 – Bed Bath & Beyond: Digital Competition Isn’t Relenting — Barrons.com; 11/04/2018 – BED BATH & BEYOND 4Q EPS $1.41, EST. $1.39; 14/04/2018 – Bed Bath & Buybacks — Barron’s; 12/04/2018 – Bed Bath & Beyond issued 2018 earnings per share guidance in the low to mid $2 range; 17/05/2018 – Bed Bath & Beyond: Arthur Stark, Chief Merchandising Officer, Departs — Filing; 24/05/2018 – Bed Bath & Beyond Inc. Appoints Stephanie Bell-Rose to Bd of Directors; 03/04/2018 – Bed Bath & Beyond offers to buy old Toys R Us gift cards for store credit; 03/04/2018 – Bed Bath & Beyond will exchange Toys R Us and Babies R Us gift cards for store credit through Thursday; 11/04/2018 – BED BATH & BEYOND – CO’S GOALS INCLUDE GROWING ITS NET EARNINGS PER DILUTED SHARE BY FISCAL 2020

Among 33 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 11 Sell and 20 Hold. Therefore 6% are positive. Bed Bath & Beyond had 84 analyst reports since September 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 23 by Telsey Advisory Group. As per Wednesday, April 11, the company rating was maintained by Jefferies. JP Morgan downgraded the stock to “Underweight” rating in Friday, January 26 report. As per Thursday, April 12, the company rating was downgraded by Raymond James. The firm has “Market Perform” rating by TelseyAdvisory Group given on Friday, September 25. On Wednesday, December 23 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Citigroup maintained it with “Sell” rating and $1600 target in Thursday, April 12 report. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Neutral” rating by Wedbush on Thursday, April 12. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Hold” rating given on Thursday, June 22 by Jefferies. The rating was maintained by UBS with “Neutral” on Thursday, September 22.

Investors sentiment increased to 1.06 in Q1 2018. Its up 0.32, from 0.74 in 2017Q4. It increased, as 26 investors sold BBBY shares while 100 reduced holdings. 44 funds opened positions while 89 raised stakes. 124.91 million shares or 0.09% less from 125.01 million shares in 2017Q4 were reported. Regions Fin Corporation accumulated 43 shares. Geode Capital Lc reported 1.52 million shares. Smith Graham Investment Advisors Ltd Partnership stated it has 0.59% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Regal Invest Advisors Limited Liability Company holds 0.4% or 85,524 shares in its portfolio. Personal Capital Advisors Corporation invested in 386,764 shares or 0.13% of the stock. Louisiana State Employees Retirement Systems stated it has 37,400 shares or 0.04% of all its holdings. J Goldman & Limited Partnership invested in 0.1% or 110,731 shares. Great West Life Assurance Co Can reported 0.03% stake. Fire Group Inc Inc holds 6,000 shares. Ubs Asset Management Americas accumulated 241,349 shares. Zebra Limited Liability Company holds 0.34% or 45,187 shares in its portfolio. Davidson Kempner Capital Mngmt Ltd Partnership stated it has 100,000 shares or 0.05% of all its holdings. Clifford Swan Invest Counsel Limited Liability Company invested in 83,866 shares or 0.1% of the stock. Susquehanna Grp Inc Llp has invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Quinn Opportunity Ptnrs Lc stated it has 0.58% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY).

More news for Bed Bath & Beyond Inc. (NASDAQ:BBBY) were recently published by: Fool.com, which released: “3 Dividend Stocks I’d Never Buy” on June 07, 2018. Seekingalpha.com‘s article titled: “Bed Bath & Beyond COO Castagna also is President; D’Elia moves up to CFO” and published on June 05, 2018 is yet another important article.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $5.72 billion. The firm operates through Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. It currently has negative earnings. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as mines and produces iron ore.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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