Mutual Advisors LLC Grows Stock Holdings in Vale S.A. (NYSE:VALE)

Mutual Advisors LLC boosted its holdings in Vale S.A. (NYSE:VALE) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,184 shares of the basic materials company’s stock after buying an additional 4,449 shares during the period. Mutual Advisors LLC’s holdings in Vale were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Vale by 1,816.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,516,334 shares of the basic materials company’s stock valued at $16,937,000 after purchasing an additional 1,437,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Vale by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 138,509 shares of the basic materials company’s stock valued at $1,547,000 after purchasing an additional 6,173 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Vale during the 2nd quarter valued at $429,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Vale during the 2nd quarter valued at $5,360,000. Finally, SG Americas Securities LLC grew its position in shares of Vale by 15.0% during the 3rd quarter. SG Americas Securities LLC now owns 250,952 shares of the basic materials company’s stock valued at $2,931,000 after purchasing an additional 32,734 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Performance

NYSE VALE opened at $9.08 on Thursday. The company has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $10.13. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.96. The firm has a market cap of $41.19 billion, a price-to-earnings ratio of 4.20, a PEG ratio of 0.27 and a beta of 0.92.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays dropped their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.89.

Vale 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.