Summit Trail Advisors LLC Reduces Stock Position in Vale S.A. (NYSE:VALE)

Summit Trail Advisors LLC lessened its holdings in shares of Vale S.A. (NYSE:VALE) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,250 shares of the basic materials company’s stock after selling 4,807 shares during the period. Summit Trail Advisors LLC’s holdings in Vale were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of Vale by 17.1% during the first quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock valued at $3,515,000 after acquiring an additional 42,118 shares in the last quarter. Wahed Invest LLC boosted its stake in shares of Vale by 45.0% during the 1st quarter. Wahed Invest LLC now owns 39,861 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 12,377 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Vale during the first quarter valued at about $1,379,000. Cetera Investment Advisers raised its stake in Vale by 316.9% in the first quarter. Cetera Investment Advisers now owns 217,250 shares of the basic materials company’s stock worth $2,648,000 after buying an additional 165,141 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in Vale by 109.1% in the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock worth $1,236,000 after buying an additional 52,906 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of VALE opened at $9.90 on Wednesday. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08. The company has a market capitalization of $44.36 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. The firm has a 50 day moving average of $10.73 and a 200 day moving average of $10.98. The company has a quick ratio of 0.58, a current ratio of 0.91 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 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the company earned $0.66 EPS. As a group, equities research analysts anticipate that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VALE shares. StockNews.com started coverage on Vale in a report on Friday, October 18th. They set a “buy” rating on the stock. Scotiabank lowered their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Morgan Stanley lowered their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $11.50 in a report on Monday, November 11th. 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.

About Vale

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.