Vale S.A. $VALE Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its stake in Vale S.A. (NYSE:VALE) by 63.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 38,826 shares of the basic materials company’s stock after selling 66,669 shares during the quarter. Centiva Capital LP’s holdings in Vale were worth $422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VALE. Parallel Advisors LLC grew its position in shares of Vale by 5.4% during the third quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 885 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Vale by 3.5% in the 3rd quarter. HighPoint Advisor Group LLC now owns 29,114 shares of the basic materials company’s stock worth $316,000 after acquiring an additional 982 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Vale by 60.0% in 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 during the last quarter. Fullcircle Wealth LLC lifted its position in Vale by 8.7% in the 3rd quarter. Fullcircle Wealth LLC now owns 13,800 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Busey Bank boosted its stake in Vale by 8.5% during the 3rd quarter. Busey Bank now owns 15,901 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 1,244 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group upped their target price on shares of Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Barclays boosted their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. The Goldman Sachs Group increased their price objective on Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Bank of America cut Vale from a “buy” rating to a “neutral” rating and raised their target price for the company from $17.00 to $18.00 in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.56.

Vale Stock Performance

Shares of VALE opened at $14.68 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $15.82 and a 200 day moving average price of $13.21. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $17.72.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%. On average, sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

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.