GSA Capital Partners LLP Has $1.91 Million Stock Position in Vale S.A. (NYSE:VALE)

GSA Capital Partners LLP decreased its stake in shares of Vale S.A. (NYSE:VALE) by 60.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,503 shares of the basic materials company’s stock after selling 254,056 shares during the period. GSA Capital Partners LLP’s holdings in Vale were worth $1,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VALE. Pacifica Partners Inc. acquired a new position in Vale during the 2nd quarter valued at about $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale during the 2nd quarter valued at about $45,000. Phillips Wealth Planners LLC acquired a new position in Vale during the 3rd quarter valued at about $118,000. Vawter Financial Ltd. acquired a new position in Vale during the 2nd quarter valued at about $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale during the 2nd quarter valued at about $125,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of research reports. Scotiabank cut their target price on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 15th. StockNews.com initiated coverage on shares of Vale in a research report on Friday, October 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Morgan Stanley cut their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Finally, UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $11.50 in a research report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.83.

Vale Price Performance

Shares of VALE opened at $9.96 on Wednesday. The stock has a market capitalization of $44.65 billion, a P/E ratio of 4.73, a P/E/G ratio of 0.29 and a beta of 0.94. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08. The company has a 50 day moving average of $10.80 and a 200-day moving average of $11.18. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts forecast that Vale S.A. will post 2.12 EPS for the current fiscal year.

Vale Company 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.