Top 5 Stock Picks of Jon Bauer’s Contrarian Capital

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In this article, we will discuss the 5 stock picks of Jon Bauer’s Contrarian Capital. If you want to read our detailed analysis of Bauer’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Jon Bauer’s Contrarian Capital.

5. Ternium S.A. (NYSE:TX)

Contrarian Capital Stake Value: $40,424,000
Percentage of Contrarian Capital’s 13F Portfolio: 5.98%
Number of Hedge Fund Holders: 15

Ternium S.A. stands fifth on the list of top 10 stock picks of Jon Bauer’s Contrarian Capital. According to Morgan Stanley analyst Carlos De Alba, steel prices in the Americas are anticipated to fall from current record levels. On October 18, he downgraded Ternium to “Equal Weight” from “Overweight” and lowered his price objective to $50, down from $60.

In the second quarter, Contrarian Capital raised its position in Ternium S.A. by 19% to 1.05 million shares, accounting for just over 5.98% of the overall portfolio. Out of the hedge funds being tracked by Insider Monkey, Oldfield Partners is a leading shareholder in Ternium S.A. with 1.22 million shares worth more than $46.96 million.



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