Stifel Financial Corp reduced its stake in shares of VALE S.A. (NYSE:VALE) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,297 shares of the basic materials company’s stock after selling 2,152 shares during the period. Stifel Financial Corp’s holdings in VALE were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of VALE by 55.2% during the 2nd quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock worth $95,804,000 after purchasing an additional 3,892,825 shares during the last quarter. Trilogy Global Advisors LP acquired a new position in shares of VALE during the 2nd quarter worth approximately $30,124,000. NINE MASTS CAPITAL Ltd boosted its holdings in shares of VALE by 201.4% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock worth $21,135,000 after purchasing an additional 1,613,942 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of VALE by 7.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 1,070,100 shares of the basic materials company’s stock worth $9,363,000 after purchasing an additional 78,200 shares during the last quarter. Finally, Impala Asset Management LLC boosted its holdings in shares of VALE by 34.7% during the 2nd quarter. Impala Asset Management LLC now owns 936,203 shares of the basic materials company’s stock worth $8,192,000 after purchasing an additional 241,100 shares during the last quarter. Institutional investors and hedge funds own 9.68% of the company’s stock.

A number of research firms recently commented on VALE. Morgan Stanley began coverage on VALE in a report on Monday, September 25th. They issued a “weight” rating on the stock. Cowen and Company set a $11.00 price objective on VALE and gave the company a “hold” rating in a report on Thursday, October 19th. Royal Bank Of Canada set a $11.00 price objective on VALE and gave the company a “hold” rating in a report on Tuesday, October 10th. BidaskClub cut VALE from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of VALE in a report on Friday, July 28th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.06.

Shares of VALE S.A. (NYSE VALE) opened at $10.09 on Friday. VALE S.A. has a 12-month low of $6.59 and a 12-month high of $11.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. The firm has a market capitalization of $51,997.55, a price-to-earnings ratio of 6.64, a PEG ratio of 0.62 and a beta of 1.56.

VALE (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.15. VALE had a return on equity of 19.02% and a net margin of 15.25%. The business had revenue of $9.05 billion for the quarter. research analysts forecast that VALE S.A. will post 1.25 EPS for the current fiscal year.

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VALE Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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Institutional Ownership by Quarter for VALE (NYSE:VALE)

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