Raymond James Financial Services Advisors Inc. Cuts Position in Vale S.A. (VALE)

Raymond James Financial Services Advisors Inc. trimmed its position in Vale S.A. (NYSE:VALE) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,525 shares of the basic materials company’s stock after selling 741 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Vale were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VALE. Alliancebernstein L.P. increased its position in shares of Vale by 9.4% in the 1st quarter. Alliancebernstein L.P. now owns 210,057 shares of the basic materials company’s stock valued at $1,996,000 after acquiring an additional 18,008 shares during the period. AQR Capital Management LLC increased its position in shares of Vale by 25.9% in the 1st quarter. AQR Capital Management LLC now owns 163,742 shares of the basic materials company’s stock valued at $1,556,000 after acquiring an additional 33,718 shares during the period. Paloma Partners Management Co increased its position in shares of Vale by 64.9% in the 1st quarter. Paloma Partners Management Co now owns 24,654 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 9,703 shares during the period. Creative Planning increased its position in shares of Vale by 134.3% in the 2nd quarter. Creative Planning now owns 89,070 shares of the basic materials company’s stock valued at $779,000 after acquiring an additional 51,055 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Vale by 55.2% in the 2nd quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock valued at $95,804,000 after acquiring an additional 3,892,825 shares during the period. 9.89% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts recently issued reports on the company. Sandler O’Neill raised Vale from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Santander raised Vale from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. BidaskClub downgraded Vale from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Vale in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Vale in a research report on Monday, October 23rd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.06.

Vale S.A. (NYSE:VALE) opened at $10.10 on Tuesday. The firm has a market cap of $51,894.48, a PE ratio of 6.63, a P/E/G ratio of 0.61 and a beta of 1.56. Vale S.A. has a 12 month low of $6.85 and a 12 month high of $11.72. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.15. The firm had revenue of $9.05 billion for the quarter. Vale had a net margin of 15.25% and a return on equity of 19.02%. equities analysts anticipate that Vale S.A. will post 1.25 earnings per share for the current fiscal year.

About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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