Two Sigma Securities LLC Reduces Position in Vale SA (VALE)

Two Sigma Securities LLC trimmed its position in shares of Vale SA (NYSE:VALE) by 23.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,231 shares of the basic materials company’s stock after selling 4,297 shares during the quarter. Two Sigma Securities LLC’s holdings in Vale were worth $174,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rational Advisors LLC purchased a new stake in shares of Vale during the fourth quarter worth approximately $122,000. KCS Wealth Advisory purchased a new stake in shares of Vale during the fourth quarter worth approximately $125,000. GWM Advisors LLC purchased a new stake in shares of Vale during the fourth quarter worth approximately $149,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Vale during the third quarter worth approximately $151,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Vale during the third quarter worth approximately $171,000. Hedge funds and other institutional investors own 19.08% of the company’s stock.

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Several analysts recently commented on VALE shares. Credit Suisse Group upgraded Vale from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $11.32 to $15.00 in a research report on Tuesday, December 5th. Morgan Stanley upgraded Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price target for the company in a research report on Monday, November 27th. Royal Bank of Canada set a $15.00 price target on Vale and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Macquarie upgraded Vale from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research upgraded Vale from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report on Monday, February 19th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.18.

Vale SA (NYSE VALE) opened at $12.47 on Tuesday. The firm has a market capitalization of $66,785.95, a price-to-earnings ratio of 9.48 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.45. Vale SA has a 12 month low of $7.47 and a 12 month high of $14.67.

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Vale Company Profile

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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