Vale S.A. $VALE Shares Sold by Compass Rose Asset Management LP

Compass Rose Asset Management LP decreased its position in shares of Vale S.A. (NYSE:VALE) by 73.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,105,000 shares of the basic materials company’s stock after selling 2,995,000 shares during the quarter. Vale comprises 2.1% of Compass Rose Asset Management LP’s holdings, making the stock its 10th biggest position. Compass Rose Asset Management LP’s holdings in Vale were worth $10,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in shares of Vale during the first quarter worth $30,000. GAMMA Investing LLC lifted its position in Vale by 98.4% during the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after buying an additional 2,021 shares during the period. Thompson Investment Management Inc. acquired a new stake in Vale in the 2nd quarter worth about $46,000. Westend Capital Management LLC purchased a new stake in Vale in the 2nd quarter valued at about $48,000. Finally, Capital Analysts LLC acquired a new position in shares of Vale during the 1st quarter valued at about $51,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Down 0.7%

NYSE:VALE opened at $12.15 on Friday. The business’s 50-day moving average is $11.09 and its two-hundred day moving average is $10.20. The firm has a market capitalization of $55.13 billion, a PE ratio of 9.87 and a beta of 0.82. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $12.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.39 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of several research analyst reports. Scotiabank raised shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price target for the company in a research report on Thursday, September 18th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley set a $11.50 target price on Vale in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Vale from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Hsbc Global Res upgraded Vale to a “strong-buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Vale has an average rating of “Moderate Buy” and an average target price of $12.55.

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.