Centiva Capital LP Trims Holdings in Vale S.A. $VALE

Centiva Capital LP lowered its stake in shares of Vale S.A. (NYSE:VALE) by 63.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,826 shares of the basic materials company’s stock after selling 66,669 shares during the quarter. Centiva Capital LP’s holdings in Vale were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised 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 valued at $30,000 after acquiring an additional 1,030 shares in the last quarter. Huntington National Bank grew its holdings in Vale by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 1,256 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Vale in the 3rd quarter worth about $59,000. Kelleher Financial Advisors acquired a new stake in shares of Vale in the 3rd quarter valued at about $64,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Vale in the 3rd quarter valued at about $87,000. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VALE. Bank of America downgraded Vale from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $18.00 in a research note on Thursday, February 26th. The Goldman Sachs Group upped their price objective on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Royal Bank Of Canada downgraded Vale from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $14.50 to $15.50 in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. Finally, Barclays boosted their price target on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.56.

Vale Trading Down 2.6%

Shares of NYSE:VALE opened at $14.68 on Monday. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $17.72. The firm has a 50-day simple moving average of $15.82 and a 200 day simple moving average of $13.21. 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 (NYSE:VALE) last issued its earnings results on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share (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%. On average, sell-side analysts predict that Vale S.A. will post 1.85 EPS for the current year.

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.