Choreo LLC Has $95,000 Stock Position in Vale S.A. (NYSE:VALE)

Choreo LLC cut its stake in shares of Vale S.A. (NYSE:VALE) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,663 shares of the basic materials company’s stock after selling 9,651 shares during the period. Choreo LLC’s holdings in Vale were worth $95,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after acquiring an additional 17,720,100 shares during the period. Holocene Advisors LP acquired a new stake in shares of Vale during the 3rd quarter worth $80,300,000. Itau Unibanco Holding S.A. increased its position in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock worth $140,859,000 after purchasing an additional 6,660,933 shares during the period. FMR LLC raised its stake in Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock valued at $427,550,000 after purchasing an additional 5,635,167 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Vale by 106.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after purchasing an additional 5,001,228 shares during the period. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VALE. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.26.

Vale Stock Performance

Shares of Vale stock opened at $9.78 on Monday. Vale S.A. has a 52 week low of $8.38 and a 52 week high of $13.77. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $9.08 and a 200-day moving average price of $10.00. The company has a market cap of $44.37 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91.

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.