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Windmill Hill Asset Management Ltd Trims Stock Position in Vale S.A. (NYSE:VALE)

Vale logo with Basic Materials background

Windmill Hill Asset Management Ltd lessened its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,754 shares of the basic materials company's stock after selling 33,400 shares during the quarter. Vale accounts for 0.3% of Windmill Hill Asset Management Ltd's portfolio, making the stock its 22nd largest position. Windmill Hill Asset Management Ltd's holdings in Vale were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vale in the third quarter worth about $28,000. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,900 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Vale during the 3rd quarter worth approximately $36,000. R Squared Ltd purchased a new stake in shares of Vale during the 4th quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Vale in the third quarter worth approximately $79,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Up 0.1 %

Shares of VALE traded up $0.01 during midday trading on Tuesday, hitting $9.57. The company had a trading volume of 14,169,381 shares, compared to its average volume of 37,953,348. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.77. 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 has a market capitalization of $43.42 billion, a P/E ratio of 4.43, a P/E/G ratio of 0.30 and a beta of 0.91. The company's 50-day simple moving average is $9.07 and its 200-day simple moving average is $10.03.

Analyst Ratings Changes

VALE has been the topic of a number of research analyst reports. Barclays reduced their target price on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley lowered shares of Vale from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Scotiabank dropped their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.89.

Check Out Our Latest Research Report on VALE

Vale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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