Castine Capital Management Has Lifted Its Keycorp New (KEY) Position; Contrarian Capital Management Has Lifted Its Vale S A (VALE) Holding

February 19, 2018 - By wolcottdaily

Castine Capital Management Llc increased Keycorp New (KEY) stake by 55.73% reported in 2017Q3 SEC filing. Castine Capital Management Llc acquired 283,280 shares as Keycorp New (KEY)’s stock declined 6.49%. The Castine Capital Management Llc holds 791,564 shares with $14.90M value, up from 508,284 last quarter. Keycorp New now has $22.47B valuation. The stock increased 0.33% or $0.07 during the last trading session, reaching $21.02. About 6.81M shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since February 19, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

Contrarian Capital Management Llc increased Vale S A (VALE) stake by 195.62% reported in 2017Q3 SEC filing. Contrarian Capital Management Llc acquired 4.73 million shares as Vale S A (VALE)’s stock declined 20.71%. The Contrarian Capital Management Llc holds 7.15M shares with $72.05 million value, up from 2.42 million last quarter. Vale S A now has $73.23B valuation. The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.12. About 25.93M shares traded. Vale S.A. (NYSE:VALE) has risen 111.11% since February 19, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

Among 27 analysts covering Vale S.A. (NYSE:VALE), 15 have Buy rating, 1 Sell and 11 Hold. Therefore 56% are positive. Vale S.A. had 75 analyst reports since August 3, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Hold” rating and $800 target in Thursday, July 27 report. The stock of Vale S.A. (NYSE:VALE) earned “Hold” rating by BMO Capital Markets on Monday, July 31. The firm earned “Hold” rating on Monday, November 13 by RBC Capital Markets. Jefferies maintained the stock with “Hold” rating in Thursday, June 8 report. Renaissance Capital upgraded it to “Market Perform” rating and $9.40 target in Thursday, January 12 report. On Friday, July 28 the stock rating was maintained by RBC Capital Markets with “Hold”. On Tuesday, November 28 the stock rating was upgraded by BTG Pactual to “Buy”. The company was upgraded on Wednesday, September 21 by Barclays Capital. The company was maintained on Monday, September 25 by BMO Capital Markets. The firm has “Neutral” rating given on Wednesday, December 7 by Credit Suisse.

Since October 24, 2017, it had 1 insider purchase, and 4 selling transactions for $2.34 million activity. $250,639 worth of stock was sold by Buffie Craig A on Monday, January 22. The insider Gorman Christopher M. sold 56,038 shares worth $1.18 million. Shares for $9,998 were bought by Midkiff Mark W. Another trade for 2,758 shares valued at $51,122 was made by Harris Paul N on Tuesday, October 24. $869,610 worth of KeyCorp (NYSE:KEY) shares were sold by Paine Andrew J III.

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