Sunday, July 3

Goldman Sachs bets on Sacyr and recovers its 5.8% stake

Goldman Sachs it ended the year by drastically reducing its stake in Sacyr below 1%, this being the first time it had dropped below that threshold in more than ten years. However, several days later, it once again trusted in the value of the company and regained its 5.8% stake in Sacyr’s capital.

At the same time, the American fund Rubric Capital Management It entered the shareholding with a 3% stake, valued at current market prices at 41.5 million euros and becoming the eighth largest shareholder in the company.

In this way, Rubric Capital Management became the third shareholder to come to Sacyr during 2021, after the incorporation of the British fund in June Covalis, which started with a 3% stake but reduced to 1% some time later and after the last incorporation of the year by the investment holding company Nortia Capital.

In the case of Goldman Sachs, its stake in Sacyr began more than 11 years ago, most of the time above 5% or 6% until now, when, for a few days, it reduced it to 1%. Days later, the investment firm regained its former presence in Sacyr, through equity loans, swaps and indirect securities. In total, 36.8 million shares equivalent to current market prices of approximately 81 million euros.

Therefore, this is how the company’s shareholding remains: Disa oil company (14.6%) maintains the largest stake in Sacyr, followed by José Manuel Loureda, founder of the construction company (8.3%), Grupo Fuertes (6 , 3%), Goldman Sachs (5.8%), Beta Asociados (José del Pilar Moreno Carretero, with 5%), Norges Bank (3.6%), Nortia Capital (3.05%), Rubric (3 %) and Covalis (1%)

On the other hand, today, the value of the company’s securities rises above 0.35% to reach 2.29 euros intraday.

Likewise, the technical stock market indicators give it a total score of 7 out of the 10 possible points in the consolidation phase. The long-term upward trend, the slow and fast total moment, the long-term increasing volume and the range of decreasing amplitude in the medium and long term stand out as positive. As less favorable indicators, the medium-term trend and medium-term volume.

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