Holocene Advisors LP Makes New Investment in Vale S.A. (NYSE:VALE)

Holocene Advisors LP acquired a new stake in Vale S.A. (NYSE:VALE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,875,008 shares of the basic materials company’s stock, valued at approximately $80,300,000. Holocene Advisors LP owned 0.15% of Vale at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Pacifica Partners Inc. acquired a new stake in Vale during the second quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vale during the third quarter worth approximately $28,000. Point72 Hong Kong Ltd bought a new stake in Vale in the 3rd quarter valued at $36,000. Phillips Wealth Planners LLC acquired a new position in Vale in the 3rd quarter valued at $118,000. Finally, Vawter Financial Ltd. bought a new position in Vale during the 2nd quarter worth $124,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VALE shares. StockNews.com started coverage on shares of Vale in a research report on Friday, October 18th. They issued a “buy” rating for the company. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $11.50 in a report on Monday, November 11th. Morgan Stanley lowered their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Trading Down 1.4 %

Shares of VALE opened at $9.72 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 52-week low of $9.64 and a 52-week high of $16.08. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 0.26 and a beta of 0.94. The business’s fifty day moving average is $10.69 and its 200-day moving average is $10.93.

Vale (NYSE:VALE) last posted its 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 firm had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities analysts anticipate that Vale S.A. will post 2.13 EPS for the current fiscal year.

About Vale

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.