JGP Global Gestao de Recursos Ltda. bought a new position in Vale SA (NYSE:VALE) during the first quarter, HoldingsChannel reports. The fund bought 1,355,527 shares of the basic materials company’s stock, valued at approximately $17,703,000. Vale comprises about 6.5% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VALE. Private Advisor Group LLC boosted its position in shares of Vale by 9.4% during the fourth quarter. Private Advisor Group LLC now owns 15,726 shares of the basic materials company’s stock valued at $207,000 after buying an additional 1,346 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Vale by 6.2% during the fourth quarter. Advisor Group Inc. now owns 27,027 shares of the basic materials company’s stock valued at $356,000 after buying an additional 1,580 shares during the last quarter. Lindbrook Capital LLC purchased a new stake in shares of Vale during the fourth quarter valued at $26,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Vale during the fourth quarter valued at $29,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Vale by 2.7% during the fourth quarter. Advisors Asset Management Inc. now owns 87,550 shares of the basic materials company’s stock valued at $1,155,000 after buying an additional 2,322 shares during the last quarter. 19.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE VALE traded down $0.61 during trading on Wednesday, hitting $12.56. The company had a trading volume of 26,098,610 shares, compared to its average volume of 32,420,660. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.32. Vale SA has a 12 month low of $10.89 and a 12 month high of $16.13. The company has a market capitalization of $67.26 billion, a P/E ratio of 6.79 and a beta of 1.13.

Several research firms recently commented on VALE. Barclays set a $14.00 price objective on Vale and gave the company a “buy” rating in a research report on Friday, April 12th. BMO Capital Markets set a $13.00 target price on Vale and gave the company a “hold” rating in a report on Thursday, April 4th. Royal Bank of Canada set a $10.00 target price on Vale and gave the company a “sell” rating in a report on Tuesday, April 2nd. Jefferies Financial Group set a $14.00 target price on Vale and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, ValuEngine downgraded Vale from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.03.

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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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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