Profund Advisors LLC Grows Stake in Vale SA (NYSE:VALE)

Profund Advisors LLC grew its position in Vale SA (NYSE:VALE) by 34.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,813 shares of the basic materials company’s stock after purchasing an additional 100,216 shares during the quarter. Profund Advisors LLC’s holdings in Vale were worth $5,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gould Asset Management LLC CA lifted its position in shares of Vale by 5.1% during the 4th quarter. Gould Asset Management LLC CA now owns 15,489 shares of the basic materials company’s stock valued at $204,000 after acquiring an additional 750 shares during the period. Stifel Financial Corp increased its holdings in Vale by 8.9% in the third quarter. Stifel Financial Corp now owns 11,326 shares of the basic materials company’s stock worth $131,000 after buying an additional 926 shares during the last quarter. First Trust Advisors LP increased its holdings in Vale by 1.3% in the fourth quarter. First Trust Advisors LP now owns 104,089 shares of the basic materials company’s stock worth $1,374,000 after buying an additional 1,306 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Vale by 3.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 43,318 shares of the basic materials company’s stock worth $571,000 after buying an additional 1,422 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Vale by 12.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,104 shares of the basic materials company’s stock worth $199,000 after buying an additional 1,698 shares during the last quarter. 18.08% of the stock is currently owned by institutional investors and hedge funds.

VALE has been the topic of a number of research reports. Morgan Stanley upgraded Vale from an “equal weight” rating to an “overweight” rating and set a $13.50 price objective on the stock in a report on Tuesday, March 3rd. HSBC upgraded shares of Vale from a “hold” rating to a “buy” rating in a research report on Wednesday, March 11th. Jefferies Financial Group upgraded shares of Vale from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $16.00 in a research report on Wednesday, December 11th. They noted that the move was a valuation call. Deutsche Bank upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vale from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Vale currently has an average rating of “Buy” and an average price target of $13.64.

VALE traded up $0.28 during midday trading on Thursday, reaching $8.32. 25,869,600 shares of the company’s stock were exchanged, compared to its average volume of 33,164,078. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 0.92. The stock has a market capitalization of $38.46 billion, a PE ratio of -25.21 and a beta of 1.26. The business’s 50-day moving average price is $10.07 and its 200 day moving average price is $11.65. Vale SA has a 1-year low of $6.49 and a 1-year high of $14.19.

Vale 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. 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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