Elm Ridge Management, LLC Buys Adient PLC, Brighthouse Financial Inc, AerCap Holdings NV, Sells Rent-A-Center Inc, LSC Communications Inc, MBIA Inc

• New Purchases: ADNT, YRCW, HMHC,
• Added Positions: BHF, AER, HTZ, RRD, PTEN,
• Reduced Positions: MBI, AGO,
• Sold Out: RCII, LKSD, AIG,

For the details of Elm Ridge Management, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Elm+Ridge+Management%2C+LLC

1. California Resources Corp (CRC) - 861,844 shares, 16.32% of the total portfolio. Shares reduced by 0.56%
2. Devon Energy Corp (DVN) - 376,623 shares, 6.9% of the total portfolio. Shares reduced by 0.56%
3. Apache Corp (APA) - 342,035 shares, 6.66% of the total portfolio. Shares reduced by 0.56%
4. Denbury Resources Inc (DNR) - 3,175,522 shares, 6.37% of the total portfolio. Shares reduced by 0.32%
5. Anadarko Petroleum Corp (APC) - 181,067 shares, 5.53% of the total portfolio. Shares reduced by 0.56%

Elm Ridge Management, LLC initiated holding in Adient PLC. The purchase prices were between $47.54 and $66.19, with an estimated average price of $56.79. The stock is now traded at around $44.29. The impact to a portfolio due to this purchase was 1.83%. The holding were 89,245 shares as of 2018-06-30.

Elm Ridge Management, LLC initiated holding in YRC Worldwide Inc. The purchase prices were between $8.07 and $11.73, with an estimated average price of $9.88. The stock is now traded at around $8.79. The impact to a portfolio due to this purchase was 0.47%. The holding were 113,005 shares as of 2018-06-30.

Elm Ridge Management, LLC initiated holding in Houghton Mifflin Harcourt Co. The purchase prices were between $6.3 and $7.95, with an estimated average price of $7.11. The stock is now traded at around $5.95. The impact to a portfolio due to this purchase was 0.44%. The holding were 138,950 shares as of 2018-06-30.

Elm Ridge Management, LLC added to a holding in Brighthouse Financial Inc by 85.89%. The purchase prices were between $40.07 and $51.96, with an estimated average price of $48.12. The stock is now traded at around $40.63. The impact to a portfolio due to this purchase was 1.06%. The holding were 137,797 shares as of 2018-06-30.

Elm Ridge Management, LLC added to a holding in AerCap Holdings NV by 39.72%. The purchase prices were between $50.51 and $55.97, with an estimated average price of $53.84. The stock is now traded at around $56.18. The impact to a portfolio due to this purchase was 0.86%. The holding were 134,835 shares as of 2018-06-30.

Elm Ridge Management, LLC added to a holding in Hertz Global Holdings Inc by 32.93%. The purchase prices were between $14.46 and $22.53, with an estimated average price of $18.7. The stock is now traded at around $19.57. The impact to a portfolio due to this purchase was 0.83%. The holding were 524,630 shares as of 2018-06-30.

Elm Ridge Management, LLC added to a holding in R.R.Donnelley & Sons Co by 34.46%. The purchase prices were between $5.7 and $9.41, with an estimated average price of $7.4. The stock is now traded at around $4.81. The impact to a portfolio due to this purchase was 0.55%. The holding were 896,042 shares as of 2018-06-30.

Elm Ridge Management, LLC sold out a holding in Rent-A-Center Inc. The sale prices were between $8.72 and $14.88, with an estimated average price of $10.86.

Elm Ridge Management, LLC sold out a holding in LSC Communications Inc. The sale prices were between $11.73 and $17.82, with an estimated average price of $14.55.

Elm Ridge Management, LLC sold out a holding in American International Group Inc. The sale prices were between $51.94 and $56.31, with an estimated average price of $54.14.