Regal Partners Ltd Has $9.05 Million Stock Position in Vale S.A. (NYSE:VALE)

Regal Partners Ltd reduced its position in Vale S.A. (NYSE:VALE - Free Report) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,378 shares of the basic materials company's stock after selling 144,998 shares during the period. Vale makes up approximately 0.8% of Regal Partners Ltd's holdings, making the stock its 29th largest holding. Regal Partners Ltd's holdings in Vale were worth $9,045,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in Vale by 1,680.0% in the third quarter. International Assets Investment Management LLC now owns 242,514 shares of the basic materials company's stock valued at $2,833,000 after purchasing an additional 228,890 shares during the period. Cetera Advisors LLC grew its position in Vale by 109.1% in the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company's stock valued at $1,236,000 after acquiring an additional 52,906 shares in the last quarter. Marshall Wace LLP lifted its position 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 worth $79,889,000 after purchasing an additional 5,707,969 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Vale in the first quarter valued at $1,379,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Vale by 10.4% in the second quarter. Itau Unibanco Holding S.A. now owns 5,398,881 shares of the basic materials company's stock valued at $58,690,000 after purchasing an additional 508,100 shares during the period. Hedge funds and other institutional investors own 21.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VALE shares. StockNews.com began coverage on shares of Vale in a report on Friday, October 18th. They issued a "buy" rating on the stock. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a report on Wednesday, October 9th. Scotiabank dropped their price objective on Vale from $17.00 to $16.00 and set a "sector perform" rating on the stock in a report on Tuesday, October 15th. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. decreased 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.83.

Vale Price Performance

Vale stock traded down $0.07 during trading hours on Thursday, hitting $9.82. 17,956,883 shares of the company traded hands, compared to its average volume of 27,634,488. The firm's 50-day simple moving average is $10.79 and its two-hundred day simple moving average is $11.15. The firm has a market cap of $44.02 billion, a P/E ratio of 4.55, a P/E/G ratio of 0.27 and a beta of 0.94. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

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, topping analysts' consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, analysts forecast that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Vale Company 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.