AM Squared Ltd Takes $1.49 Million Position in Vale S.A. (NYSE:VALE)

AM Squared Ltd acquired a new stake in Vale S.A. (NYSE:VALE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 127,800 shares of the basic materials company's stock, valued at approximately $1,493,000. Vale makes up approximately 3.3% of AM Squared Ltd's holdings, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacifica Partners Inc. acquired a new position in Vale during the second quarter worth $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale in the second quarter valued at about $45,000. Keynote Financial Services LLC bought a new stake in Vale during the first quarter worth about $126,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale during the third quarter worth approximately $118,000. Finally, Vawter Financial Ltd. bought a new position in shares of Vale in the second quarter valued at approximately $124,000. 21.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VALE shares. Scotiabank dropped their price target on Vale from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Tuesday, October 15th. UBS Group cut Vale from a "buy" rating to a "neutral" rating and cut their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com initiated coverage on shares of Vale in a report on Friday, October 18th. They set a "buy" rating on the stock. Wolfe Research downgraded shares of Vale from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley decreased their price target on shares of Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Vale currently has an average rating of "Hold" and a consensus price target of $15.83.

Vale Trading Down 0.2 %

Shares of Vale stock traded down $0.02 on Friday, hitting $9.81. 15,469,511 shares of the company's stock traded hands, compared to its average volume of 31,127,642. The firm's 50-day moving average price is $10.78 and its two-hundred day moving average price is $11.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The stock has a market capitalization of $43.98 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.26 and a beta of 0.94. Vale S.A. has a one year low of $9.66 and a one year high of $16.08.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the firm posted $0.66 earnings per share. On average, research analysts expect that Vale S.A. will post 2.12 EPS for the current fiscal year.

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. 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.