Vale S.A. (NYSE:VALE) Shares Sold by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd reduced its stake in Vale S.A. (NYSE:VALE) by 48.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,754 shares of the basic materials company’s stock after selling 33,400 shares during the period. Vale accounts for about 0.3% of Windmill Hill Asset Management Ltd’s holdings, making the stock its 22nd biggest position. Windmill Hill Asset Management Ltd’s holdings in Vale were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VALE. Sanctuary Advisors LLC acquired a new stake in shares of Vale in the 2nd quarter valued at about $429,000. CWM LLC lifted its stake in shares of Vale by 38.9% in the third quarter. CWM LLC now owns 15,866 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 4,440 shares during the period. Perpetual Ltd boosted its holdings in Vale by 207.8% during the third quarter. Perpetual Ltd now owns 144,986 shares of the basic materials company’s stock worth $1,693,000 after buying an additional 97,875 shares in the last quarter. Ritholtz Wealth Management grew its position in Vale by 20.2% during the third quarter. Ritholtz Wealth Management now owns 194,875 shares of the basic materials company’s stock worth $2,276,000 after buying an additional 32,797 shares during the period. Finally, Willner & Heller LLC purchased a new position in Vale in the third quarter valued at about $141,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VALE. Scotiabank reduced their price objective on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Barclays dropped their target price 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. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.89.

Vale Stock Up 2.7 %

Shares of NYSE VALE opened at $9.63 on Friday. The stock has a market capitalization of $43.69 billion, a PE ratio of 4.46, a P/E/G ratio of 0.29 and a beta of 0.91. 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 firm has a fifty day moving average of $9.09 and a 200-day moving average of $10.06. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.77.

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.