Vale Sa (VALE) Position Lifted by Oaktree Capital Management Lp

May 17, 2018 - By Rita Stryker

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 9.04M 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 $79.73B 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 Priceline Group Inc/The (Prn) by 33.18 million shares to 10.67M shares, valued at $12.51M in 2017Q4, according to the filing. It also reduced its holding in Encore Capital Group Inc (Prn) by 3.80M shares in the quarter, leaving it with 14.40M shares, and cut its stake in Cemex Sa (NYSE:CX).

More news for Vale S.A. (NYSE:VALE) were recently published by: Mining.com, which released: “BHP faces shareholder class action over Brazil mine disaster” on May 16, 2018. Seekingalpha.com‘s article titled: “Vale’s Q1 results come in weaker than expected” and published on April 26, 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 rating was upgraded by Morgan Stanley on Monday, November 27 to “Overweight”. RBC Capital Markets upgraded it to “Buy” rating and $14.5 target in Monday, November 20 report. BTG Pactual upgraded the stock to “Buy” rating in Tuesday, November 28 report. The rating was maintained by Jefferies with “Hold” on Thursday, February 15. Cowen & Co maintained it with “Market Perform” rating and $15 target in Thursday, March 1 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 24. The stock of Vale S.A. (NYSE:VALE) has “Buy” rating given on Tuesday, April 3 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, December 3. The company was upgraded on Wednesday, November 22 by Macquarie Research. The company was upgraded on Tuesday, December 5 by Credit Suisse.

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

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