Oaktree Capital Management LP Increased Its Icici Bank LTD (IBN) Stake by $10.23 Million

May 3, 2018 - By Sarah Harris

ICICI Bank Limited (NYSE:IBN) Corporate Logo

Howard Marks’s stake in Icici Bank Ltd. (IBN) is increased by 14.83% based on its latest 2017Q4 regulatory filing with the SEC. 1.14 million shares were bought by Oaktree Capital Management Lp as the company’s stock declined 11.13% with the market. The commercial banks company announced $85.67M value for the 2017Q4. Now the hedge fund run by Howard Marks is holding 8.80M shares, compared to the 7.67 million from the previous quarter. $27.04 billion is the MC of Icici Bank Ltd.. The stock decreased 0.12% or $0.01 during the last trading session, hitting $8.35.ICICI Bank Limited has volume of 2.09 million shares. Since May 3, 2017 IBN has risen 12.06% and is uptrending. IBN outperformed the S&P500 by 0.51%.

A portfolio of $6.38 billion is managed by Oaktree Capital Management Lp. As it’s registered in Securities and Exchange form the stake in Mgic Investment Corp (NYSE:MTG) is decreased by 765,000 shares to 500,000 shares. They are valued at $7.06M in 2017Q4. For a total of 250,000 shares it reduced its holding in Nationstar Mortgage Holdings Inc (Call) (NYSE:NSM) by 1.56 million shares in the quarter, and has cut its stake in Spectrum Pharmaceuticals Inc (Prn).

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