CenterBook Partners LP Has $1.76 Million Stock Holdings in VALE S.A. (NYSE:VALE)

CenterBook Partners LP increased its stake in shares of VALE S.A. (NYSE:VALE - Free Report) by 81.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,105 shares of the basic materials company's stock after purchasing an additional 78,952 shares during the period. CenterBook Partners LP's holdings in VALE were worth $1,758,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of VALE in the first quarter worth $228,000. Golden State Wealth Management LLC increased its position in shares of VALE by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after acquiring an additional 2,713 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of VALE by 20.4% in the first quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock worth $159,000 after acquiring an additional 2,707 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of VALE by 38.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,522 shares of the basic materials company's stock worth $225,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Merit Financial Group LLC increased its position in shares of VALE by 44.4% in the first quarter. Merit Financial Group LLC now owns 20,847 shares of the basic materials company's stock worth $208,000 after acquiring an additional 6,412 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

VALE Trading Up 1.0%

Shares of VALE stock traded up $0.10 during trading on Wednesday, hitting $9.79. The stock had a trading volume of 46,678,784 shares, compared to its average volume of 33,222,242. The stock has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $9.44. The company has a market capitalization of $44.41 billion, a PE ratio of 7.09, a P/E/G ratio of 0.31 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. VALE S.A. has a 1 year low of $8.06 and a 1 year high of $12.05.

VALE (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. VALE had a return on equity of 17.65% and a net margin of 15.54%. On average, research analysts expect that VALE S.A. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $11.00 price objective (down from $12.00) on shares of VALE in a research note on Thursday, April 17th. CICC Research initiated coverage on shares of VALE in a research report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target on the stock. Barclays raised their price target on shares of VALE from $12.75 to $13.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Wall Street Zen initiated coverage on shares of VALE in a research report on Wednesday, May 7th. They issued a "hold" rating on the stock. Finally, UBS Group reduced their price target on shares of VALE from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.79.

VALE Company 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.