Man Group plc Decreases Stake in Vale SA (NYSE:VALE)

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Man Group plc reduced its holdings in Vale SA (NYSE:VALE) by 45.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,543,230 shares of the basic materials company’s stock after selling 4,528,846 shares during the period. Man Group plc owned approximately 0.11% of Vale worth $74,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of VALE. American Beacon Advisors Inc. acquired a new position in shares of Vale in the first quarter valued at approximately $35,000. Pacer Advisors Inc. acquired a new stake in Vale in the 2nd quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Vale by 360.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,940 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 4,650 shares during the last quarter. Advisor Partners LLC acquired a new stake in Vale in the 2nd quarter worth approximately $135,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Vale in the 1st quarter worth approximately $139,000. 18.44% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Deutsche Bank set a $15.00 target price on Vale and gave the stock a “hold” rating in a report on Thursday, July 11th. ValuEngine upgraded Vale from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.50 to $15.50 in a report on Friday, May 24th. Royal Bank of Canada upgraded Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 target price for the company in a report on Friday, May 24th. Finally, Macquarie upgraded Vale from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.37.

Shares of VALE stock traded down $0.20 during trading hours on Thursday, reaching $11.57. 736,660 shares of the company’s stock were exchanged, compared to its average volume of 18,940,352. Vale SA has a fifty-two week low of $10.20 and a fifty-two week high of $16.13. The stock has a market capitalization of $60.87 billion, a P/E ratio of 6.26, a P/E/G ratio of 2.10 and a beta of 1.20. The business has a fifty day moving average price of $11.41 and a 200-day moving average price of $12.60. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.34). Vale had a return on equity of 21.11% and a net margin of 9.30%. The business had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.31 billion. As a group, research analysts expect that Vale SA will post 1.42 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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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