Capital Growth Management LP Stake in Itau Unibanco Holding S. A. (ITUB) Has Increased by $38.00 Million

September 30, 2018 - By Jack Shaw

Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

Capital Growth Management Lp increased its stake in Itau Unibanco Holding S. A. (ITUB) by 167.4% based on its latest 2018Q2 regulatory filing with the SEC. Capital Growth Management Lp bought 3.80M shares as the company’s stock declined 3.45% while stock markets rallied. The hedge fund held 6.07 million shares of the major banks company at the end of 2018Q2, valued at $63.01 million, up from 2.27M at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Itau Unibanco Holding S. A. for a number of months, seems to be bullish on the $64.47B market cap company. The stock decreased 1.44% or $0.16 during the last trading session, reaching $10.98. About 16.36M shares traded or 15.33% up from the average. Itaú Unibanco Holding S.A. (NYSE:ITUB) has declined 21.16% since September 30, 2017 and is downtrending. It has underperformed by 36.78% the S&P500.

Capital Growth Management Lp, which manages about $1.98B US Long portfolio, decreased its stake in Turquoise Hill Res Ltd (NYSE:TRQ) by 13.93 million shares to 24.79M shares, valued at $70.40 million in 2018Q2, according to the filing. It also reduced its holding in Bank Of America Corporation (NYSE:BAC) by 1.65 million shares in the quarter, leaving it with 5.77 million shares, and cut its stake in Citigroup Inc (NYSE:C).

Another recent and important Itaú Unibanco Holding S.A. (NYSE:ITUB) news was published by Seekingalpha.com which published an article titled: “Sector And Industry Analysis For Companies In The Brazilian Index IBrX 50 CNT.2” on September 25, 2018.

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