The New Wave of Institutional Money Enter Gerdau S.A. (GGB)

Gerdau S.A. (NYSE:GGB) produced a 23.89% rally since recording the worst price of $3.33. Thanks to the latest 4.56% increase, it now trades at $4.13. Throughout the trading on 01/04/2019, the share price floated between $4.02 and $4.17. This company shares are 46.73% off its target price of $6.06 and the current market capitalization stands at $6.33B. The recent change has given its price a 1.9% lead over SMA 50 and -21.25% deficit over its 52-week high. The stock witnessed -1.67% declines, -2.36% declines and 9.42% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GGB’s volatility during a week at 3.93% and during a month it has been found around 3.96%.

Gerdau S.A. (GGB) Top Holders

Institutional investors currently hold around $761 million or 17.6% in GGB stock. Look at its top three institutional owners. Capital Growth Management Lp owns $82.6 million in Gerdau S.A., which represents roughly 1.3% of the company’s market cap and approximately 10.85% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 17,139,503 shares of the stock are valued at $70.79 million. The third largest holder is Blackrock Inc., which currently holds $65.51 million worth of this stock and that ownership represents nearly 1.03% of its market capitalization.

Gerdau S.A. 13F Filings

At the end of September reporting period, 62 institutional holders increased their position in Gerdau S.A. (NYSE:GGB) by some 43,968,915 shares, 82 decreased positions by 36,973,494 and 23 held positions by 103,278,312. That puts total institutional holdings at 184,220,721 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 12,725,615 shares while 29 institutional investors sold out their entire positions totaling 7,158,102 shares.

Gerdau S.A. (GGB) Analyst Guide

Several analysts have released their opinion on Gerdau S.A. (NYSE:GGB), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.33 average brokerage recommendation.