Fox Run Management L.L.C. Invests $863,000 in Vale S.A. $VALE

Fox Run Management L.L.C. purchased a new position in Vale S.A. (NYSE:VALE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 79,446 shares of the basic materials company’s stock, valued at approximately $863,000.

Several other hedge funds have also bought and sold shares of the business. Cary Street Partners Investment Advisory LLC grew its holdings in Vale by 60.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,030 shares during the period. CENTRAL TRUST Co bought a new stake in shares of Vale in the 2nd quarter worth approximately $34,000. Strengthening Families & Communities LLC purchased a new stake in shares of Vale in the 3rd quarter worth approximately $87,000. Tower Research Capital LLC TRC bought a new position in Vale during the 2nd quarter valued at approximately $87,000. Finally, Ameritas Advisory Services LLC raised its stake in Vale by 49.0% during the third quarter. Ameritas Advisory Services LLC now owns 8,500 shares of the basic materials company’s stock valued at $92,000 after buying an additional 2,795 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of NYSE:VALE opened at $17.32 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78. The business has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $12.73. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $17.72.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%. Equities research analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of recent research reports. Jefferies Financial Group set a $15.00 target price on Vale and gave the stock a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group upped their price target on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company reissued a “cautious” rating and set a $15.50 price objective on shares of Vale in a research report on Monday, February 16th. Royal Bank Of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $14.20 in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.38.

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.