Calamos Advisors LLC Sells 143,100 Shares of Vale S.A. $VALE

Key Points

• Calamos Advisors LLC cut its stake in Vale by 65.9%, selling 143,100 shares and leaving it with 74,150 shares worth about $966,000 as of the latest SEC filing.
• Two insiders — VP Sobrinho Sami Arap and Parenti Grazielle Tallia — bought 12,990 and 10,464 shares respectively at $16.11 per share, marking meaningful insider purchases into the stock.
• Analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average target of $16.02, while several firms (e.g., Morgan Stanley, Bank of America) recently raised targets or upgraded their ratings.

Calamos Advisors LLC decreased its position in Vale S.A. (NYSE:VALE - Free Report) by 65.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,150 shares of the basic materials company's stock after selling 143,100 shares during the quarter. Calamos Advisors LLC's holdings in Vale were worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VALE. Mondrian Investment Partners LTD bought a new stake in Vale in the 3rd quarter worth approximately $123,532,000. Robeco Institutional Asset Management B.V. increased its position in shares of Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company's stock valued at $271,145,000 after purchasing an additional 9,103,727 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Vale by 303.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company's stock valued at $120,203,000 after purchasing an additional 8,327,112 shares during the last quarter. Capital World Investors increased its position in shares of Vale by 13.3% during the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company's stock valued at $613,086,000 after purchasing an additional 6,643,125 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Vale by 59.6% during the 3rd quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company's stock valued at $184,197,000 after purchasing an additional 6,332,760 shares during the last quarter. Institutional investors own 21.85% of the company's stock.

Insiders Place Their Bets

In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average price of $16.11 per share, for a total transaction of $209,268.90. Following the acquisition, the vice president directly owned 12,990 shares in the company, valued at $209,268.90. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the acquisition, the insider owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VALE shares. UBS Group boosted their target price on Vale from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, March 27th. Morgan Stanley boosted their target price on Vale from $18.00 to $19.50 and gave the company an "overweight" rating in a research report on Thursday, April 9th. Bank of America raised Vale from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada downgraded Vale from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from $14.50 to $15.50 in a research report on Thursday, March 12th. Finally, Zacks Research downgraded Vale from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.02.

Vale Price Performance

VALE opened at $17.09 on Tuesday. The business has a fifty day moving average of $16.17 and a 200 day moving average of $14.41. Vale S.A. has a 52-week low of $8.97 and a 52-week high of $17.94. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market cap of $77.55 billion, a P/E ratio of 30.51 and a beta of 0.53.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. The business had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.86 billion. As a group, sell-side analysts anticipate that Vale S.A. will post 2.08 EPS for the current year.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world's largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.

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