Point72 Asset Management L.P. Has $13.71 Million Stake in Vale S.A. (NYSE:VALE)

Point72 Asset Management L.P. cut its holdings in Vale S.A. (NYSE:VALE - Free Report) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,545,218 shares of the basic materials company's stock after selling 2,232,908 shares during the quarter. Point72 Asset Management L.P.'s holdings in Vale were worth $13,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Brooklyn Investment Group lifted its holdings in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,900 shares during the last quarter. IFP Advisors Inc increased its position in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Vale by 3,092.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Vale in the 4th quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. boosted its position in Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,623 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. 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 research report on Thursday, April 17th. CICC Research initiated coverage on Vale in a research note on Monday, May 12th. They set an "outperform" rating and a $11.30 price target on the stock. Finally, Wall Street Zen initiated coverage on Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vale currently has an average rating of "Hold" and an average price target of $12.04.

Vale Trading Down 0.1%

Shares of NYSE VALE traded down $0.01 during trading on Friday, reaching $9.58. The company had a trading volume of 12,301,008 shares, compared to its average volume of 30,653,122. The stock has a market cap of $43.46 billion, a P/E ratio of 6.65, a PEG ratio of 0.31 and a beta of 0.83. The company's fifty day moving average price is $9.51 and its 200-day moving average price is $9.47. 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 S.A. has a 12 month low of $8.06 and a 12 month high of $12.75.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, research analysts expect that Vale S.A. will post 1.85 earnings per share for the current year.

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.