Yousif Capital Management LLC Has $366,000 Stock Holdings in Vale S.A. (NYSE:VALE)

Yousif Capital Management LLC lowered its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 47.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,674 shares of the basic materials company's stock after selling 33,000 shares during the quarter. Yousif Capital Management LLC's holdings in Vale were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VALE. Snowden Capital Advisors LLC grew its position in shares of Vale by 5.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock worth $214,000 after buying an additional 1,349 shares during the period. Atlas Capital Advisors Inc. grew its holdings in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,623 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Vale by 10.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company's stock valued at $172,000 after acquiring an additional 1,700 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Vale by 1.1% in the 4th quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock valued at $1,516,000 after purchasing an additional 1,797 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Vale by 206.4% in 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 during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America raised Vale from a "neutral" rating to a "buy" rating and increased their target price for the company 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 set an "outperform" rating and a $11.30 price objective on the stock. Wall Street Zen initiated coverage on shares of Vale in a research note on Wednesday, May 7th. They issued a "hold" rating for the company. 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. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.04.

Vale Stock Up 0.3%

VALE traded up $0.03 during trading hours on Tuesday, hitting $9.21. 34,858,275 shares of the company's stock were exchanged, compared to its average volume of 31,571,953. The stock has a market cap of $41.78 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.29 and a beta of 0.76. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05. The stock's 50-day moving average is $9.45 and its two-hundred day moving average is $9.37. 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 (NYSE:VALE - Get Free Report) last released its 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 company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. Sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

About Vale

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.