Oaktree Capital Management LP Has Increased Its Vale Sa (VALE) Position by $4.48 Million

May 17, 2018 - By Bradley Stiles

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 9.41 million shares of the precious metals company at the end of 2017Q4, valued at $115.10M, 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 $79.73 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 Nuance Communications Inc (Prn) by 3.12 million shares to 5.50 million shares, valued at $5.69 million in 2017Q4, according to the filing. It also reduced its holding in Alibaba.Com (NYSE:BABA) by 191,118 shares in the quarter, leaving it with 491,227 shares, and cut its stake in Altaba Inc.

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. BTG Pactual upgraded the stock to “Buy” rating in Tuesday, November 28 report. The company was downgraded on Tuesday, April 24 by RBC Capital Markets. RBC Capital Markets upgraded Vale S.A. (NYSE:VALE) on Monday, November 20 to “Buy” rating. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, December 5 report. RBC Capital Markets maintained the shares of VALE in report on Tuesday, April 3 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $15.0 target in Sunday, December 3 report. The firm earned “Overweight” rating on Monday, November 27 by Morgan Stanley. Cowen & Co maintained Vale S.A. (NYSE:VALE) rating on Thursday, March 1. Cowen & Co has “Market Perform” rating and $15 target. The firm has “Hold” rating given on Friday, January 26 by BMO Capital Markets. On Tuesday, January 16 the stock rating was downgraded by Deutsche Bank to “Hold”.

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

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