Clough Capital Partners L P Raises Stock Position in Vale S.A. $VALE

Clough Capital Partners L P grew its holdings in Vale S.A. (NYSE:VALE) by 192.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,928 shares of the basic materials company’s stock after acquiring an additional 108,628 shares during the period. Clough Capital Partners L P’s holdings in Vale were worth $2,149,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VALE. N.E.W. Advisory Services LLC purchased a new position in shares of Vale in the 4th quarter valued at $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,155 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Vale during the 4th quarter valued at $33,000. Finally, Triumph Capital Management acquired a new stake in Vale during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Insider Activity

In other news, VP Sobrinho Sami Arap acquired 12,990 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the transaction, the vice president directly owned 12,990 shares in the company, valued at $209,268.90. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was purchased at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the transaction, the insider owned 10,464 shares in the company, valued at $168,575.04. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a report on Monday. 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. UBS Group raised their price target on shares of Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Vale has a consensus rating of “Moderate Buy” and an average target price of $16.85.

Vale Trading Down 2.7%

NYSE VALE opened at $15.54 on Thursday. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The company has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $15.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a market capitalization of $70.55 billion, a PE ratio of 23.20 and a beta of 0.46.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The business had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. On average, equities analysts forecast that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Profile

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.