Quadrature Capital Ltd Acquires Shares of 341,354 Vale S.A. $VALE

Quadrature Capital Ltd bought a new position in shares of Vale S.A. (NYSE:VALE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 341,354 shares of the basic materials company’s stock, valued at approximately $3,311,000.

Other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in Vale during the 1st quarter valued at $30,000. CENTRAL TRUST Co acquired a new stake in shares of Vale during the 2nd quarter worth about $34,000. GAMMA Investing LLC boosted its holdings in shares of Vale by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after buying an additional 2,021 shares during the period. Thompson Investment Management Inc. bought a new stake in shares of Vale during the 2nd quarter worth about $46,000. Finally, Westend Capital Management LLC acquired a new position in Vale in the 2nd quarter valued at about $48,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Up 1.2%

Shares of NYSE VALE opened at $12.67 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.72. The stock has a market capitalization of $57.49 billion, a P/E ratio of 10.30 and a beta of 0.82. The stock’s fifty day moving average is $11.61 and its 200 day moving average is $10.49.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.39 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. Sell-side analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Vale from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a report on Tuesday. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Hsbc Global Res raised Vale to a “strong-buy” rating in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.61.

Vale Company Profile

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.