Commons Capital LLC Invests $486,000 in Vale S.A. (NYSE:VALE)

Commons Capital LLC purchased a new stake in Vale S.A. (NYSE:VALE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,800 shares of the basic materials company’s stock, valued at approximately $486,000.

A number of other institutional investors have also recently added to or reduced their stakes in VALE. Brooklyn Investment Group lifted its holdings in Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vale in the 3rd quarter valued at $28,000. Point72 Hong Kong Ltd acquired a new position in shares of Vale in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vale during the 3rd quarter worth $79,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Vale during the 4th quarter worth about $96,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VALE. Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Barclays decreased their price target 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, StockNews.com assumed coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Price Performance

VALE stock opened at $8.99 on Wednesday. The business’s 50-day moving average is $9.28 and its two-hundred day moving average is $10.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm has a market capitalization of $40.28 billion, a P/E ratio of 4.16, a P/E/G ratio of 0.28 and a beta of 0.92. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $14.47.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the company earned $0.66 earnings per share. Analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

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.