Oaktree Capital Management LP Increases Holding in Vale Sa (VALE)

April 25, 2018 - By Michael Collier

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 $115.10M, 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 $71.44B market cap company. The stock decreased 1.79% or $0.25 during the last trading session, reaching $13.7. About 18.70 million shares traded. Vale S.A. (NYSE:VALE) has risen 38.24% since April 25, 2017 and is uptrending. It has outperformed by 26.69% the S&P500.

Oaktree Capital Management Lp, which manages about $6.38B US Long portfolio, decreased its stake in Vishay Intertechnology Inc (NYSE:VSH) by 425,000 shares to 455,000 shares, valued at $9.44M in 2017Q4, according to the filing. It also reduced its holding in Altaba Inc (Prn) by 23.45 million shares in the quarter, leaving it with 32.42 million shares, and cut its stake in Starwood Property Trust Inc (Prn).

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 15 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Hold”. The firm has “Buy” rating given on Tuesday, November 28 by BTG Pactual. As per Thursday, October 26, the company rating was maintained by BMO Capital Markets. The stock has “Market Perform” rating by Cowen & Co on Thursday, March 1. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, April 24. The firm earned “Buy” rating on Sunday, December 3 by RBC Capital Markets. The stock has “Hold” rating by Jefferies on Thursday, February 15. The firm has “Buy” rating given on Tuesday, April 3 by RBC Capital Markets. Credit Suisse upgraded Vale S.A. (NYSE:VALE) on Tuesday, December 5 to “Outperform” rating. Deutsche Bank downgraded Vale S.A. (NYSE:VALE) on Tuesday, January 16 to “Hold” rating.

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

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