Vale S.A. $VALE is Kawa Capital Management Inc's 4th Largest Position

Key Points

• Kawa Capital Management cut its stake in Vale by 49% in Q4, retaining 520,000 shares worth $7.05M and making Vale its 4th largest holding (18.1% of the fund).
• Vale reported an EPS loss of ($0.90) for the quarter (missing the $0.52 estimate) while revenue beat at $11.06B; the stock trades near $16.19 with an average analyst rating of Moderate Buy and a $15.25 price target.
• Insiders bought shares on April 1 (VP Sobrinho 12,990 shares and Parenti 10,464 shares at about $16.11), indicating recent insider buying activity.

Kawa Capital Management Inc lowered its position in Vale S.A. (NYSE:VALE - Free Report) by 49.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 520,000 shares of the basic materials company's stock after selling 500,000 shares during the period. Vale accounts for 18.1% of Kawa Capital Management Inc's portfolio, making the stock its 4th largest holding. Kawa Capital Management Inc's holdings in Vale were worth $7,051,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD acquired a new position in Vale during the 3rd quarter worth $123,532,000. SPX Gestao de Recursos Ltda lifted its position in 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 worth $120,203,000 after acquiring an additional 8,327,112 shares during the last quarter. Capital World Investors lifted its position in Vale by 13.3% during the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company's stock worth $613,086,000 after acquiring an additional 6,643,125 shares during the last quarter. Bank of America Corp DE lifted its position in 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 worth $184,197,000 after acquiring an additional 6,332,760 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Vale by 196.2% during the 3rd quarter. Marshall Wace LLP now owns 9,171,875 shares of the basic materials company's stock worth $99,607,000 after acquiring an additional 6,075,273 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Stock Up 0.3%

Shares of VALE opened at $16.19 on Wednesday. The stock has a market cap of $73.46 billion, a price-to-earnings ratio of 28.90 and a beta of 0.53. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $17.72. The company has a 50-day moving average price of $16.00 and a two-hundred day moving average price of $13.78.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($1.42). The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.86 billion. Vale had a return on equity of 20.16% and a net margin of 6.12%. Equities analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VALE shares. Wells Fargo & Company reaffirmed a "cautious" rating and set a $15.50 target price on shares of Vale in a research report on Monday, February 16th. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered shares of Vale from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $14.50 to $15.50 in a research report on Thursday, March 12th. Wall Street Zen raised shares of Vale from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, Barclays boosted their target price on shares of Vale from $15.50 to $16.50 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $15.25.

Insider Transactions at Vale

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.