Cravens & Co Advisors LLC Sells 2,543 Shares of Vale S.A. (NYSE:VALE)

Cravens & Co Advisors LLC trimmed its holdings in Vale S.A. (NYSE:VALE) by 11.2% during the third quarter, Holdings Channel reports. The firm owned 20,073 shares of the basic materials company’s stock after selling 2,543 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Vale were worth $234,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new stake in Vale in the second quarter valued at $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale during the 2nd quarter worth approximately $45,000. Phillips Wealth Planners LLC bought a new position in Vale in the third quarter worth approximately $118,000. Vawter Financial Ltd. acquired a new stake in Vale in the second quarter valued at approximately $124,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Vale during the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

NYSE:VALE opened at $9.90 on Wednesday. The stock has a market cap of $44.36 billion, a P/E ratio of 4.58, a PEG ratio of 0.27 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.98. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the firm posted $0.66 earnings per share. As a group, equities analysts predict that Vale S.A. will post 2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VALE. Morgan Stanley dropped their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. StockNews.com started coverage on Vale in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Finally, Scotiabank dropped their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.13.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.