Deltec Asset Management LLC Sells 100,000 Shares of Vale S.A. (NYSE:VALE)

Deltec Asset Management LLC trimmed its position in Vale S.A. (NYSE:VALE - Free Report) by 83.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the basic materials company's stock after selling 100,000 shares during the quarter. Deltec Asset Management LLC's holdings in Vale were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Vale by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,464,965 shares of the basic materials company's stock worth $30,048,000 after acquiring an additional 24,552 shares during the period. SeaCrest Wealth Management LLC lifted its position in Vale by 11.3% in the first quarter. SeaCrest Wealth Management LLC now owns 27,580 shares of the basic materials company's stock worth $336,000 after purchasing an additional 2,800 shares during the period. Financial Perspectives Inc boosted its stake in Vale by 8.2% during the first quarter. Financial Perspectives Inc now owns 30,074 shares of the basic materials company's stock worth $367,000 after buying an additional 2,272 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Vale in the 1st quarter valued at $2,073,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Vale by 180.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 683,428 shares of the basic materials company's stock worth $8,331,000 after acquiring an additional 439,733 shares during the period. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Down 0.7 %

NYSE:VALE traded down $0.08 during mid-day trading on Wednesday, hitting $10.81. The company had a trading volume of 31,385,639 shares, compared to its average volume of 27,505,020. The firm has a market cap of $48.46 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.30 and a beta of 0.93. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The business's fifty day moving average is $10.78 and its two-hundred day moving average is $11.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to analysts' expectations of $9.61 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, research analysts expect that Vale S.A. will post 2.06 earnings per share for the current year.

Analysts Set New Price Targets

VALE has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Monday, September 23rd. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. StockNews.com began coverage on Vale in a research report on Friday, October 18th. They issued a "buy" rating on the stock. Scotiabank decreased their price objective on shares of Vale from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 15th. Finally, UBS Group lowered their target price on Vale from $15.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Vale currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.15.

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.