46,784 Shares of Vale S.A. $VALE Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Vale S.A. (NYSE:VALE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,784 shares of the basic materials company’s stock, valued at approximately $627,000.

Other hedge funds have also recently bought and sold shares of the company. Partners Wealth Management LLC purchased a new position in shares of Vale during the 3rd quarter worth $268,000. Park Avenue Securities LLC lifted its position in Vale by 11.6% during the third quarter. Park Avenue Securities LLC now owns 17,737 shares of the basic materials company’s stock valued at $238,000 after buying an additional 1,842 shares in the last quarter. Signaturefd LLC boosted its position in Vale by 2.4% during the 3rd quarter. Signaturefd LLC now owns 36,105 shares of the basic materials company’s stock worth $484,000 after purchasing an additional 847 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Vale in the third quarter valued at about $40,000. Finally, Ramsey Quantitative Systems grew its position in Vale by 35.1% in the third quarter. Ramsey Quantitative Systems now owns 5,000 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 0.0%

Shares of VALE stock opened at $11.57 on Thursday. The company has a market cap of $52.54 billion, a PE ratio of 8.10 and a beta of 0.50. Vale S.A. has a 12 month low of $10.96 and a 12 month high of $17.94. The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $13.30 and its two-hundred day moving average is $15.10.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 29th. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). Vale had a net margin of 1.64% and a return on equity of 16.54%. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.45 billion. Equities analysts predict that Vale S.A. will post 1.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank set a $15.00 target price on Vale and gave the company a “hold” rating in a research report on Friday, October 16th. Barclays reduced their price target on shares of Vale from $15.00 to $14.50 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. UBS Group reduced their price target on shares of Vale from $14.50 to $13.50 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Vale from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and an average price target of $14.96.

Vale Company Profile

Vale S.A. is a Brazilian mining and logistics company best known for producing iron ore and iron ore pellets, which are used in steelmaking. Its other products include nickel, copper, cobalt and manganese, serving customers in the steel, energy and technology industries. Founded in 1942 as Companhia Vale do Rio Doce, the company is headquartered in Rio de Janeiro. Its operations and projects span several countries, including Brazil, Canada and Indonesia. In addition to mining, Vale operates railways, ports and other logistics infrastructure that support the transportation of its products.