International Assets Investment Management LLC Sells 224,343 Shares of Vale S.A. (NYSE:VALE)

International Assets Investment Management LLC decreased its holdings in Vale S.A. (NYSE:VALE - Free Report) by 92.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,171 shares of the basic materials company's stock after selling 224,343 shares during the period. International Assets Investment Management LLC's holdings in Vale were worth $161,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Vale by 3,692.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock valued at $212,576,000 after purchasing an additional 17,720,100 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in Vale by 60.6% in the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company's stock worth $245,404,000 after acquiring an additional 8,288,112 shares during the last quarter. Holocene Advisors LP bought a new position in Vale in the third quarter worth about $80,300,000. Itau Unibanco Holding S.A. boosted its stake in Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock valued at $140,859,000 after acquiring an additional 6,660,933 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Vale by 395.3% during the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company's stock valued at $79,889,000 after purchasing an additional 5,707,969 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Performance

Shares of NYSE:VALE traded up $0.15 on Wednesday, hitting $8.77. 27,829,471 shares of the company were exchanged, compared to its average volume of 26,598,131. The company's 50 day moving average price is $9.43 and its two-hundred day moving average price is $10.31. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 4.06, a PEG ratio of 0.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a one year low of $8.38 and a one year high of $14.54.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the company earned $0.66 earnings per share. Research analysts expect that Vale S.A. will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

VALE has been the topic of several recent research reports. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Monday, September 23rd. Barclays cut their price objective on shares of Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. UBS Group lowered shares of Vale from a "buy" rating to a "neutral" rating and reduced their target price for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, Scotiabank reduced their price objective on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.89.

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. 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.