Contrarian Capital Management, L.l.c. Buys Braskem SA, NII Holdings Inc, Azul SA, Sells Cleveland-Cliffs Inc, Peabody Energy Corp, Vistra Energy Corp

• New Purchases: BAK, NIHD, HMHC, CNR, WRK, REGI, SERV, DSSI, SSI, MX, PRTY, VNTR,
• Added Positions: GOL, GGB, AZUL, TX, CHAP, PFF, SEB, CSTM, AMC,
• Reduced Positions: BTU, VALE, CZR, PBR.A, PVAC, PBR, IHRT, CCK, CCO,
• Sold Out: CLF, VST, QHC, ANF, BECN, GIL, OLN, ASC, TNK, KRA, WSC,

For the details of CONTRARIAN CAPITAL MANAGEMENT, L.L.C.'s stock buys and sells, go to https://www.gurufocus.com/guru/contrarian+capital+management%2C+l.l.c./current-portfolio/portfolio

1. Vale SA (VALE) - 9,711,703 shares, 15.71% of the total portfolio. Shares reduced by 4.55%
2. Gol Intelligent Airlines Inc (GOL) - 6,980,858 shares, 15.46% of the total portfolio. Shares added by 9.44%
3. Petroleo Brasileiro SA Petrobras (PBR.A) - 7,915,127 shares, 14.47% of the total portfolio. Shares reduced by 1.76%
4. Gerdau SA (GGB) - 23,419,750 shares, 14.06% of the total portfolio. Shares added by 10.07%
5. Braskem SA (BAK) - 3,412,167 shares, 6.19% of the total portfolio. New Position

Contrarian Capital Management, L.l.c. initiated holding in Braskem SA. The purchase prices were between $12.88 and $15.27, with an estimated average price of $14.02. The stock is now traded at around $13.51. The impact to a portfolio due to this purchase was 6.19%. The holding were 3,412,167 shares as of .

Contrarian Capital Management, L.l.c. initiated holding in NII Holdings Inc. The purchase prices were between $1.75 and $2.19, with an estimated average price of $1.94. The stock is now traded at around $2.17. The impact to a portfolio due to this purchase was 1.33%. The holding were 5,000,000 shares as of .

Contrarian Capital Management, L.l.c. initiated holding in Houghton Mifflin Harcourt Co. The purchase prices were between $4.52 and $6.71, with an estimated average price of $5.85. The stock is now traded at around $6.01. The impact to a portfolio due to this purchase was 0.37%. The holding were 480,677 shares as of .

Contrarian Capital Management, L.l.c. initiated holding in Cornerstone Building Brands Inc. The purchase prices were between $5.72 and $9.08, with an estimated average price of $7.07. The stock is now traded at around $8.77. The impact to a portfolio due to this purchase was 0.12%. The holding were 110,698 shares as of .

Contrarian Capital Management, L.l.c. initiated holding in WestRock Co. The purchase prices were between $33.47 and $43.18, with an estimated average price of $39.14. The stock is now traded at around $37.58. The impact to a portfolio due to this purchase was 0.09%. The holding were 17,432 shares as of .

Contrarian Capital Management, L.l.c. initiated holding in Renewable Energy Group Inc. The purchase prices were between $14.37 and $27.5, with an estimated average price of $18.31. The stock is now traded at around $29.09. The impact to a portfolio due to this purchase was 0.07%. The holding were 21,641 shares as of .

Contrarian Capital Management, L.l.c. added to a holding in Azul SA by 21.47%. The purchase prices were between $34.57 and $43.32, with an estimated average price of $38.56. The stock is now traded at around $36.05. The impact to a portfolio due to this purchase was 0.63%. The holding were 682,998 shares as of .

Contrarian Capital Management, L.l.c. added to a holding in iShares U.S. Preferred Stock by 29.85%. The purchase prices were between $36.77 and $37.68, with an estimated average price of $37.31. The stock is now traded at around $37.62. The impact to a portfolio due to this purchase was 0.03%. The holding were 28,277 shares as of .

Contrarian Capital Management, L.l.c. added to a holding in Seaboard Corp by 26.67%. The purchase prices were between $4047.8 and $4380, with an estimated average price of $4181.99. The stock is now traded at around $3787.95. The impact to a portfolio due to this purchase was 0.02%. The holding were 171 shares as of .

Contrarian Capital Management, L.l.c. added to a holding in AMC Entertainment Holdings Inc by 25.60%. The purchase prices were between $7.24 and $10.22, with an estimated average price of $8.75. The stock is now traded at around $7.05. The impact to a portfolio due to this purchase was 0.01%. The holding were 73,711 shares as of .

Contrarian Capital Management, L.l.c. sold out a holding in Cleveland-Cliffs Inc. The sale prices were between $6.76 and $8.86, with an estimated average price of $7.7.

Contrarian Capital Management, L.l.c. sold out a holding in Vistra Energy Corp. The sale prices were between $22.82 and $27.37, with an estimated average price of $25.77.

Contrarian Capital Management, L.l.c. sold out a holding in Quorum Health Corp. The sale prices were between $0.55 and $1.28, with an estimated average price of $0.97.

Contrarian Capital Management, L.l.c. sold out a holding in Gildan Activewear Inc. The sale prices were between $25.53 and $35.38, with an estimated average price of $29.18.

Contrarian Capital Management, L.l.c. sold out a holding in Olin Corp. The sale prices were between $16.82 and $19.42, with an estimated average price of $17.89.

Contrarian Capital Management, L.l.c. sold out a holding in Abercrombie & Fitch Co. The sale prices were between $14.07 and $18.45, with an estimated average price of $16.57.