Brinker Capital Investments LLC Boosts Position in Vale S.A. (NYSE:VALE)

Brinker Capital Investments LLC grew its holdings in shares of Vale S.A. (NYSE:VALEGet Rating) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,727 shares of the basic materials company’s stock after buying an additional 2,678 shares during the period. Brinker Capital Investments LLC’s holdings in Vale were worth $622,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its stake in shares of Vale by 17.7% during the third quarter. Exchange Traded Concepts LLC now owns 4,930 shares of the basic materials company’s stock valued at $66,000 after buying an additional 743 shares during the period. US Bancorp DE grew its stake in Vale by 0.6% in the third quarter. US Bancorp DE now owns 158,833 shares of the basic materials company’s stock worth $2,116,000 after purchasing an additional 880 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Vale by 0.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 274,099 shares of the basic materials company’s stock worth $4,010,000 after purchasing an additional 897 shares during the period. Brookstone Capital Management grew its stake in Vale by 2.7% in the third quarter. Brookstone Capital Management now owns 35,070 shares of the basic materials company’s stock worth $479,000 after purchasing an additional 930 shares during the period. Finally, South Shore Capital Advisors grew its stake in Vale by 4.2% in the second quarter. South Shore Capital Advisors now owns 24,658 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 991 shares during the period. 20.58% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 0.1 %

Shares of NYSE:VALE opened at $18.13 on Tuesday. The company has a market cap of $83.24 billion, a P/E ratio of 4.22, a PEG ratio of 1.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.07 and a quick ratio of 0.67. Vale S.A. has a 1 year low of $11.72 and a 1 year high of $21.29. The stock’s fifty day moving average price is $16.64 and its 200-day moving average price is $14.51.

Vale (NYSE:VALEGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.38. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $10.13 billion. Vale had a return on equity of 53.54% and a net margin of 45.53%. Sell-side analysts expect that Vale S.A. will post 3.49 earnings per share for the current year.

Vale Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 13th. Shareholders of record on Friday, January 1st were given a $0.0474 dividend. This represents a yield of 8.7%. The ex-dividend date was Tuesday, December 13th. Vale’s payout ratio is 2.33%.

Analysts Set New Price Targets

VALE has been the topic of several recent research reports. StockNews.com cut Vale from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Morgan Stanley raised Vale from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.50 to $20.00 in a research note on Friday, December 9th. BMO Capital Markets upped their price target on Vale from $16.00 to $20.00 in a research note on Thursday, December 8th. Finally, Deutsche Bank Aktiengesellschaft raised Vale from a “hold” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $20.00 in a report on Wednesday, November 23rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.35.

Vale Company Profile

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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