Vale S.A. (NYSE:VALE) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. cut its holdings in shares of Vale S.A. (NYSE:VALE) by 56.3% in the 4th quarter, Holdings Channel reports. The fund owned 11,009 shares of the basic materials company’s stock after selling 14,212 shares during the period. Traynor Capital Management Inc.’s holdings in Vale were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC increased its stake in shares of Vale by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 73,568 shares of the basic materials company’s stock worth $653,000 after buying an additional 45,949 shares during the last quarter. SG Americas Securities LLC grew its holdings in Vale by 39.4% during the 4th quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company’s stock worth $3,103,000 after acquiring an additional 98,899 shares in the last quarter. Octavia Wealth Advisors LLC bought a new stake in shares of Vale in the 4th quarter worth about $101,000. Commons Capital LLC acquired a new stake in shares of Vale in the 4th quarter valued at about $486,000. Finally, Ballentine Partners LLC lifted its position in shares of Vale by 162.5% during the fourth quarter. Ballentine Partners LLC now owns 35,772 shares of the basic materials company’s stock worth $317,000 after purchasing an additional 22,145 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 0.3 %

Shares of NYSE:VALE opened at $8.90 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $9.24 and its 200 day moving average price is $10.21. The company has a market cap of $40.26 billion, a PE ratio of 4.12, a P/E/G ratio of 0.28 and a beta of 0.92. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $14.47.

Vale (NYSE:VALE) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter last year, the business earned $0.66 earnings per share. Sell-side analysts anticipate that Vale S.A. will post 1.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VALE shares. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. StockNews.com began coverage on Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. UBS Group cut Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Scotiabank lowered their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Finally, Barclays dropped their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.89.

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.