Bleakley Financial Group LLC Lowers Stock Holdings in Vale S.A. (NYSE:VALE)

Bleakley Financial Group LLC decreased its holdings in Vale S.A. (NYSE:VALE) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,448 shares of the basic materials company’s stock after selling 18,614 shares during the period. Bleakley Financial Group LLC’s holdings in Vale were worth $155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vale by 6.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock valued at $92,868,000 after purchasing an additional 468,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Vale during the third quarter valued at approximately $1,126,000. Bank of Montreal Can increased its holdings in Vale by 274.4% during the third quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock valued at $1,915,000 after buying an additional 119,061 shares during the last quarter. Bridgewater Associates LP raised its position in Vale by 723.2% in 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 period. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Vale during the 3rd quarter worth $1,422,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Down 0.1 %

NYSE:VALE opened at $9.56 on Thursday. The stock has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $10.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $43.39 billion, a price-to-earnings ratio of 4.43, a PEG ratio of 0.30 and a beta of 0.91. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.77.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group cut Vale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group decreased their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. 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 research note on Wednesday, December 4th. Finally, Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.26.

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.