Prince Street Capital Management Llc Trimmed Its Banco Bradesco S A (NYSE:BBD) Position by $16.76 Million as Price Rose

May 17, 2018 - By Palma Niemeyer

According to 2018Q1 Securities and Exchange form the Prince Street Capital Management Llc reduced its stake in Banco Bradesco S A (NYSE:BBD) by 83.83%. By selling 1.52 million shares Prince Street Capital Management Llc made the stock Popped Up with 14.88%. At the end of 2018Q1, the institutional investor held 294,000 shares of the major banks company, valued at $3.49 million, down from 1.82M at the end of the previous reported quarter. Prince Street Capital Management Llc has risen its stake in Randgold Res Ltd (NASDAQ:GOLD) and also increased its holding in Ishares Tr (Put) (EEM) by 900,000 shares in the quarter, for a total of 1.70M shares.

Prince Street Capital Management Llc is a New York-based institutional investor with more than $1.36 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Prince Street Capital Management latest Adv, the fund reported to have 20 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Banco Bradesco S.A. (NYSE:BBD) Ratings Coverage

In total 2 analysts cover Banco Bradesco SA (NYSE:BBD). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. (NYSE:BBD) has 100% bullish analysts. 2 are the (NYSE:BBD)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. The stock rating was upgraded by J.P. Morgan to “Buy” on Monday, January 22. On Thursday, January 18 the firm has “Buy” rating given by Citigroup.

Banco Bradesco S.A. provides banking and financial services and products to individuals, companies, and firms and institutions.The firm is worth $58.79 billion. The firm operates in two divisions, Banking; and Insurance, Pension Plans and Capitalization Bond.The P/E ratio is 13.66. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.

Banco Bradesco S.A. (NYSE:BBD) Analyst Ratings Chart

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