Prime Capital Investment Advisors LLC Has $1.04 Million Stock Holdings in Vale S.A. (NYSE:VALE)

Prime Capital Investment Advisors LLC decreased its position in Vale S.A. (NYSE:VALE) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,086 shares of the basic materials company’s stock after selling 6,847 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Vale were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacifica Partners Inc. bought a new stake in Vale during the 2nd quarter worth approximately $27,000. Lowe Wealth Advisors LLC bought a new stake in shares of Vale during the second quarter worth $45,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale during the third quarter worth $118,000. Vawter Financial Ltd. bought a new stake in Vale in the 2nd quarter valued at $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale in the 2nd quarter worth $125,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of VALE stock opened at $9.82 on Friday. The stock has a market cap of $44.02 billion, a P/E ratio of 4.55, a P/E/G ratio of 0.27 and a beta of 0.94. The company has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $11.15. Vale S.A. has a one year low of $9.66 and a one year high of $16.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities analysts predict that Vale S.A. will post 2.12 EPS for the current year.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of research reports. StockNews.com initiated coverage on Vale in a report on Friday, October 18th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. reduced their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. Scotiabank lowered their price objective on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Finally, UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a research note on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.83.

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.