74,500 Vale S.A. $VALE Shares Sold by Lifetime Wealth Management P.C.

Lifetime Wealth Management P.C. lowered its holdings in Vale S.A. (NYSE:VALE) by 14.6% in the third quarter, Holdings Channel reports. The firm owned 434,778 shares of the basic materials company’s stock after selling 74,500 shares during the quarter. Vale comprises about 3.5% of Lifetime Wealth Management P.C.’s holdings, making the stock its 8th biggest position. Lifetime Wealth Management P.C.’s holdings in Vale were worth $5,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new stake in Vale during the 3rd quarter worth about $40,000. Ramsey Quantitative Systems acquired a new position in shares of Vale during the 2nd quarter worth about $56,000. V Square Quantitative Management LLC acquired a new position in shares of Vale during the 1st quarter worth about $83,000. Inspire Investing LLC boosted its stake in shares of Vale by 19.8% during the 3rd quarter. Inspire Investing LLC now owns 7,141 shares of the basic materials company’s stock worth $96,000 after buying an additional 1,179 shares during the last quarter. Finally, Foster Group Inc. grew its holdings in shares of Vale by 6.9% in the 3rd quarter. Foster Group Inc. now owns 11,697 shares of the basic materials company’s stock valued at $157,000 after acquiring an additional 758 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on VALE. Deutsche Bank Aktiengesellschaft set a $15.00 target price on Vale in a research report on Friday, October 16th. Sanford C. Bernstein increased their price target on Vale from $12.00 to $12.50 and gave the company a “market perform” rating in a research report on Wednesday, September 9th. Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research downgraded Vale from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, UBS Group lowered their price target on Vale from $15.00 to $14.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Vale currently has an average rating of “Hold” and a consensus target price of $15.71.

Vale Stock Performance

Shares of VALE opened at $11.40 on Monday. The company has a market cap of $51.74 billion, a PE ratio of 76.01 and a beta of 0.42. The firm has a 50-day moving average of $13.87 and a 200-day moving average of $15.24. Vale S.A. has a one year low of $11.06 and a one year high of $17.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). Vale had a net margin of 1.64% and a return on equity of 16.72%. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.45 billion. As a group, equities analysts forecast that Vale S.A. will post 1.65 earnings per share for the current year.

About Vale

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.