Dauntless Investment Group LLC Sells 177,565 Shares of Vale S.A. (NYSE:VALE)

Key Points

• Dauntless Investment Group LLC significantly reduced its stake in Vale S.A. by 76.8%, selling 177,565 shares and now holding only 53,677 shares.
• Several large investors, including Arrowstreet Capital and Orion Portfolio Solutions, increased their positions in Vale during the last quarter, indicating ongoing institutional interest.
• Analysts have mixed ratings on Vale, with six indicating a "hold" rating and five a "buy" rating, while the current consensus price target is $11.73.

Dauntless Investment Group LLC cut its position in Vale S.A. (NYSE:VALE - Free Report) by 76.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,677 shares of the basic materials company's stock after selling 177,565 shares during the quarter. Vale accounts for about 0.6% of Dauntless Investment Group LLC's holdings, making the stock its 20th biggest holding. Dauntless Investment Group LLC's holdings in Vale were worth $536,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VALE. LPL Financial LLC raised its position in shares of Vale by 9.6% during the fourth quarter. LPL Financial LLC now owns 735,445 shares of the basic materials company's stock worth $6,523,000 after acquiring an additional 64,448 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Vale during the fourth quarter worth about $109,000. Nomura Asset Management Co. Ltd. raised its position in shares of Vale by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 94,408 shares of the basic materials company's stock worth $837,000 after acquiring an additional 3,416 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Vale by 31.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,242 shares of the basic materials company's stock worth $144,000 after acquiring an additional 3,923 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Vale by 328.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock worth $153,891,000 after acquiring an additional 13,298,912 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on VALE. CICC Research began coverage on Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price for the company. Wall Street Zen began coverage on Vale in a report on Wednesday, May 7th. They issued a "hold" rating for the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $11.00 target price (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Scotiabank lowered their target price on Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a report on Tuesday, July 22nd. Finally, Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Vale presently has an average rating of "Hold" and a consensus price target of $11.73.

Vale Trading Down 1.5%

Shares of Vale stock opened at $9.85 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. The stock has a 50 day moving average price of $9.68 and a two-hundred day moving average price of $9.54. The stock has a market capitalization of $44.71 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.34 and a beta of 0.77.

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.

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