Y Intercept Hong Kong Ltd Sells 644,935 Shares of Vale S.A. $VALE

Y Intercept Hong Kong Ltd decreased its holdings in Vale S.A. (NYSE:VALE) by 68.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,152 shares of the basic materials company’s stock after selling 644,935 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vale were worth $4,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vale by 2,239.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after purchasing an additional 39,818,066 shares in the last quarter. Capital World Investors raised its stake in Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC lifted its holdings in Vale by 42.4% in the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after buying an additional 19,397,396 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Vale by 15,202.2% in the first quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after buying an additional 15,561,279 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after acquiring an additional 9,103,727 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. UBS Group lifted their price target on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Scotiabank set a $19.00 price target on Vale in a research note on Monday, June 15th. Finally, Wells Fargo & Company decreased their price objective on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Stock Down 0.1%

Shares of NYSE:VALE opened at $14.97 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $15.66. Vale S.A. has a 12-month low of $9.36 and a 12-month high of $17.94. The stock has a market capitalization of $67.97 billion, a price-to-earnings ratio of 22.35 and a beta of 0.46.

Vale (NYSE:VALE) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. On average, research analysts anticipate that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.