Oldfield Partners Llp Has Trimmed Guess (TKC) Stake By $2.89 Million; Doubleline Opportunistic Credit Fund (DBL) Sentiment Is 1.18

August 24, 2017 - By Vivian Park

DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment company. The company has market cap of $361.27 million. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. It currently has negative earnings. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, the United States Government securities, corporate debt, international sovereign debt and short-term investments.

Oldfield Partners Llp decreased Guess Inc (TKC) stake by 15.17% reported in 2016Q4 SEC filing. Oldfield Partners Llp sold 481,182 shares as Guess Inc (TKC)’s stock declined 1.71%. The Oldfield Partners Llp holds 2.69 million shares with $18.57 million value, down from 3.17 million last quarter. Guess Inc now has $8.33B valuation. The stock increased 1.81% or $0.17 during the last trading session, reaching $9.58. About shares traded. Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) has declined 9.06% since August 24, 2016 and is downtrending. It has underperformed by 25.76% the S&P500.

Apriem Advisors holds 1.97% of its portfolio in Doubleline Opportunistic Credit Fund for 287,613 shares. Van Hulzen Asset Management Llc owns 135,967 shares or 1.89% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 1.63% invested in the company for 82,932 shares. The California-based Alethea Capital Management Llc has invested 0.81% in the stock. Horizon Kinetics Llc, a New York-based fund reported 419,816 shares.

The stock decreased 0.41% or $0.1 on August 23, reaching $24.23. About shares traded. Doubleline Opportunistic Credit Fund (DBL) has declined 4.58% since August 24, 2016 and is downtrending. It has underperformed by 21.28% the S&P500.

Oldfield Partners Llp increased Bed Bath & Beyond Inc (NYSE:C) stake by 45,719 shares to 5.06M valued at $300.56 million in 2016Q4. It also upped General Motors Co (NYSE:TLK) stake by 602,119 shares and now owns 1.25M shares. Cia De Minas Buenaventura Saa was raised too.

Among 3 analysts covering Turkcell (NYSE:TKC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Turkcell had 4 analyst reports since September 3, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of TKC in report on Thursday, September 17 to “Overweight” rating. On Wednesday, April 6 the stock rating was downgraded by JP Morgan to “Neutral”. The firm earned “Buy” rating on Thursday, January 5 by Deutsche Bank. The firm earned “Neutral” rating on Thursday, September 3 by Bank of America.