Point72 Asset Management L.P. Cuts Position in Vale S.A. (NYSE:VALE)

Point72 Asset Management L.P. lowered its stake in Vale S.A. (NYSE:VALE - Free Report) by 59.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,545,218 shares of the basic materials company's stock after selling 2,232,908 shares during the period. Point72 Asset Management L.P.'s holdings in Vale were worth $13,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. grew its stake in shares of Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,623 shares in the last quarter. Stifel Financial Corp raised its position in shares of Vale by 1.1% during the 4th quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock worth $1,516,000 after acquiring an additional 1,797 shares in the last quarter. Brooklyn Investment Group lifted its stake in Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after purchasing an additional 1,900 shares during the last quarter. IFP Advisors Inc lifted its stake in Vale by 206.4% during the fourth 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 during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Vale by 30.9% in the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock valued at $87,000 after purchasing an additional 2,317 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.

Analyst Ratings Changes

VALE has been the topic of a number of research analyst reports. Wall Street Zen started coverage on shares of Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. CICC Research initiated coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Finally, UBS Group decreased their target price on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.04.

Vale Stock Performance

NYSE:VALE traded down $0.09 during midday trading on Thursday, reaching $9.56. The stock had a trading volume of 32,801,304 shares, compared to its average volume of 30,683,388. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The stock has a market cap of $43.39 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.31 and a beta of 0.83. The firm has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $9.48. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.89.

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