Vale S.A. (NYSE:VALE) Stock Holdings Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Vale S.A. (NYSE:VALE) by 47.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,355,178 shares of the basic materials company’s stock after selling 1,216,541 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Vale were worth $12,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Bank of New York Mellon Corp boosted its stake in Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after buying an additional 1,187 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Vale by 14.1% in the 2nd quarter. Victory Capital Management Inc. now owns 35,115 shares of the basic materials company’s stock worth $392,000 after purchasing an additional 4,330 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vale by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,005,525 shares of the basic materials company’s stock valued at $44,741,000 after purchasing an additional 363,783 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Vale by 59.1% during the second quarter. Pacer Advisors Inc. now owns 175,683 shares of the basic materials company’s stock worth $1,962,000 after buying an additional 65,247 shares in the last quarter. Finally, Sei Investments Co. grew its position in Vale by 6.5% in the second quarter. Sei Investments Co. now owns 1,497,507 shares of the basic materials company’s stock worth $16,727,000 after buying an additional 91,388 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Up 2.0 %

NYSE VALE opened at $8.95 on Friday. The company’s fifty day moving average is $9.31 and its two-hundred day moving average is $10.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $14.47.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the firm earned $0.66 EPS. On average, sell-side analysts anticipate that Vale S.A. will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VALE. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays cut their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. UBS Group downgraded Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Vale currently has an average rating of “Hold” and a consensus price target of $13.89.

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.