As Vale Sa (VALE) Market Value Rose, Oaktree Capital Management LP Upped Holding by $4.48 Million

May 17, 2018 - By Larry Purdy

Vale S.A. (NYSE:VALE) Logo

Howard Marks increased its stake in Vale Sa (VALE) by 4.13% based on its latest 2017Q4 regulatory filing with the SEC. Oaktree Capital Management Lp bought 373,403 shares as the company’s stock rose 3.76% while stock markets declined. The hedge fund run by Howard Marks held 9.41M shares of the precious metals company at the end of 2017Q4, valued at $115.10 million, up from 9.04 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Vale Sa for a number of months, seems to be bullish on the $79.73 billion market cap company. The stock decreased 0.76% or $0.115 during the last trading session, reaching $15.015. About 22.65M shares traded or 6.27% up from the average. Vale S.A. (NYSE:VALE) has risen 38.24% since May 17, 2017 and is uptrending. It has outperformed by 26.69% the S&P500.

Oaktree Capital Management Lp, which manages about $6.38 billion US Long portfolio, decreased its stake in Live Nation Entertainment Inc (Prn) by 5.96M shares to 29.25M shares, valued at $37.90M in 2017Q4, according to the filing. It also reduced its holding in Starwood Property Trust Inc (Prn) by 10.60 million shares in the quarter, leaving it with 5.91 million shares, and cut its stake in Verso Corp.

More news for Vale S.A. (NYSE:VALE) were recently published by: Seekingalpha.com, which released: “Vale’s Q1 results come in weaker than expected” on April 26, 2018. Mining.com‘s article titled: “BHP faces shareholder class action over Brazil mine disaster” and published on May 16, 2018 is yet another important article.

Vale S.A. (NYSE:VALE) Ratings Coverage

Among 10 analysts covering Vale SA (NYSE:VALE), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Vale SA had 13 analyst reports since November 20, 2017 according to SRatingsIntel. The company was maintained on Tuesday, April 3 by RBC Capital Markets. The firm earned “Buy” rating on Sunday, December 3 by RBC Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Monday, November 27. The firm has “Buy” rating by BTG Pactual given on Tuesday, November 28. Deutsche Bank downgraded the shares of VALE in report on Tuesday, January 16 to “Hold” rating. The company was upgraded on Monday, November 20 by RBC Capital Markets. The company was downgraded on Tuesday, April 24 by RBC Capital Markets. The firm has “Hold” rating given on Friday, January 26 by BMO Capital Markets. Cowen & Co maintained Vale S.A. (NYSE:VALE) on Thursday, March 1 with “Market Perform” rating. The stock of Vale S.A. (NYSE:VALE) earned “Buy” rating by Bank of America on Wednesday, March 28.

Vale S.A. (NYSE:VALE) Ratings Chart

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