Y Intercept Hong Kong Ltd Cuts Stock Holdings in Vale S.A. $VALE

Y Intercept Hong Kong Ltd lowered its position in shares of Vale S.A. (NYSE:VALE) by 68.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,152 shares of the basic materials company’s stock after selling 644,935 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Vale were worth $4,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VALE. N.E.W. Advisory Services LLC purchased a new position in shares of Vale in the fourth quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in shares of Vale by 128.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Vale during the fourth quarter valued at $33,000. Cornerstone Planning Group LLC increased its holdings in Vale by 15,360.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in Vale in the 3rd quarter worth about $34,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Performance

Shares of VALE opened at $14.97 on Monday. The firm has a market capitalization of $67.97 billion, a P/E ratio of 22.35 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. Vale S.A. has a one year low of $9.36 and a one year high of $17.94. The business has a fifty day moving average of $15.98 and a 200 day moving average of $15.66.

Vale (NYSE:VALE) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. As a group, sell-side analysts anticipate that Vale S.A. will post 2.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VALE shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. Morgan Stanley raised their price target on shares of Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, April 9th. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and an average target price of $16.85.

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.