Vale S.A. (NYSE:VALE) Shares Sold by Atom Investors LP

Atom Investors LP lessened its stake in shares of Vale S.A. (NYSE:VALE) by 21.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,391 shares of the basic materials company’s stock after selling 43,537 shares during the quarter. Atom Investors LP’s holdings in Vale were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Vale by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock worth $92,868,000 after buying an additional 468,432 shares in the last quarter. Bridgewater Associates LP boosted its position in Vale by 723.2% during the third quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock worth $23,774,000 after acquiring an additional 1,788,205 shares during the last quarter. International Assets Investment Management LLC grew its stake in Vale by 1,680.0% in the 3rd quarter. International Assets Investment Management LLC now owns 242,514 shares of the basic materials company’s stock worth $2,833,000 after acquiring an additional 228,890 shares during the period. Banco Santander S.A. grew its stake in Vale by 32.9% in the 3rd quarter. Banco Santander S.A. now owns 382,082 shares of the basic materials company’s stock worth $4,463,000 after acquiring an additional 94,585 shares during the period. Finally, Cetera Advisors LLC raised its holdings in Vale by 109.1% in the 1st quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock valued at $1,236,000 after acquiring an additional 52,906 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 0.8 %

NYSE:VALE opened at $9.79 on Tuesday. The business’s 50-day moving average is $10.69 and its two-hundred day moving average is $10.93. The firm has a market capitalization of $43.87 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 0.26 and a beta of 0.94. Vale S.A. has a 12 month low of $9.64 and a 12 month high of $16.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period last year, the business posted $0.66 EPS. Research analysts predict that Vale S.A. will post 2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VALE shares. Scotiabank decreased their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. StockNews.com started coverage on Vale in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. Finally, Morgan Stanley lowered their price objective on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Vale has a consensus rating of “Hold” and a consensus target price of $15.13.

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.