Tidal Investments LLC Has $3.52 Million Holdings in Vale S.A. (NYSE:VALE)

Tidal Investments LLC raised its holdings in Vale S.A. (NYSE:VALE) by 13.2% in the third quarter, Holdings Channel reports. The fund owned 301,410 shares of the basic materials company’s stock after acquiring an additional 35,183 shares during the period. Tidal Investments LLC’s holdings in Vale were worth $3,520,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VALE. PVG Asset Management Corp bought a new stake in Vale in the 3rd quarter valued at $182,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vale in the 3rd quarter valued at about $79,000. World Investment Advisors LLC lifted its holdings in shares of Vale by 89.7% in the third quarter. World Investment Advisors LLC now owns 19,376 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 9,161 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its position in shares of Vale by 16.8% during the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,725 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Vale by 0.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,007,410 shares of the basic materials company’s stock worth $23,446,000 after buying an additional 14,100 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VALE. StockNews.com initiated coverage on shares of Vale in a report on Friday. They issued a “buy” rating on the stock. Scotiabank cut their price target on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $14.50 to $11.30 in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and an average target price of $14.38.

Vale Stock Performance

Shares of NYSE VALE opened at $9.26 on Friday. The stock has a 50 day moving average of $10.33 and a 200-day moving average of $10.72. Vale S.A. has a 12 month low of $9.22 and a 12 month high of $16.08. The company has a market capitalization of $41.51 billion, a P/E ratio of 4.29, a P/E/G ratio of 0.27 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter last year, the company posted $0.66 EPS. As a group, equities research analysts predict that Vale S.A. will post 2.08 EPS for the current year.

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.