Focus Financial Network Inc. Cuts Stock Holdings in Vale S.A. (NYSE:VALE)

Focus Financial Network Inc. lessened its position in Vale S.A. (NYSE:VALE) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,270 shares of the basic materials company’s stock after selling 2,485 shares during the quarter. Focus Financial Network Inc.’s holdings in Vale were worth $144,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VALE. Brooklyn Investment Group boosted its stake in Vale by 215.9% during the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale during the third quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in Vale by 3,092.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,092 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Vale in the 3rd quarter valued at about $36,000. Finally, R Squared Ltd acquired a new position in shares of Vale during the 4th quarter worth approximately $41,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Up 2.1 %

Shares of NYSE VALE opened at $9.78 on Friday. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.77. The business’s 50 day moving average is $9.07 and its two-hundred day moving average is $10.02. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 4.53, a PEG ratio of 0.30 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.

Analysts Set New Price Targets

VALE has been the topic of a number of analyst reports. StockNews.com began coverage on Vale in a research report on Friday, December 13th. They set a “buy” rating on the stock. Scotiabank lowered their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” 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 cut their price objective for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Morgan Stanley lowered shares of 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 report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price target 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Vale has an average rating of “Hold” and a consensus target price of $13.26.

About Vale

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.