GSA Capital Partners LLP Sells 254,056 Shares of Vale S.A. (NYSE:VALE)

GSA Capital Partners LLP trimmed its holdings in Vale S.A. (NYSE:VALE - Free Report) by 60.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,503 shares of the basic materials company's stock after selling 254,056 shares during the quarter. GSA Capital Partners LLP's holdings in Vale were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Apollon Wealth Management LLC increased its position in Vale by 51.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 48,637 shares of the basic materials company's stock valued at $568,000 after buying an additional 16,563 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Vale in the 3rd quarter valued at approximately $259,000. Keynote Financial Services LLC boosted its holdings in shares of Vale by 13.5% in the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company's stock worth $137,000 after purchasing an additional 1,400 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Vale by 17.4% in the third quarter. Concurrent Investment Advisors LLC now owns 135,925 shares of the basic materials company's stock worth $1,588,000 after acquiring an additional 20,157 shares during the period. Finally, Radnor Capital Management LLC grew its stake in shares of Vale by 4.2% in the third quarter. Radnor Capital Management LLC now owns 58,099 shares of the basic materials company's stock worth $679,000 after acquiring an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VALE shares. Wolfe Research cut Vale from a "peer perform" rating to an "underperform" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Monday, September 23rd. StockNews.com initiated coverage on shares of Vale in a research note on Friday, October 18th. They issued a "buy" rating on the stock. Morgan Stanley reduced their price objective on Vale from $16.00 to $15.50 and set an "overweight" rating for the company in a research note on Thursday, September 19th. Finally, UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.50 in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.83.

Vale Stock Performance

Shares of NYSE VALE traded down $0.08 during midday trading on Wednesday, hitting $9.89. The company's stock had a trading volume of 24,531,443 shares, compared to its average volume of 27,671,459. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08. The firm has a market cap of $44.34 billion, a P/E ratio of 4.59, a P/E/G ratio of 0.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm's fifty day moving average price is $10.80 and its 200-day moving average price is $11.16.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. On average, sell-side analysts forecast 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.