Profund Advisors LLC lessened its position in shares of Vale SA (NYSE:VALE) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,081 shares of the basic materials company’s stock after selling 38,702 shares during the quarter. Profund Advisors LLC’s holdings in Vale were worth $4,436,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Maven Securities LTD acquired a new position in Vale during the second quarter worth about $3,740,000. Scotia Capital Inc. boosted its position in Vale by 166.2% during the second quarter. Scotia Capital Inc. now owns 55,616 shares of the basic materials company’s stock worth $748,000 after acquiring an additional 34,724 shares during the last quarter. Banco de Sabadell S.A boosted its position in Vale by 5.2% during the second quarter. Banco de Sabadell S.A now owns 157,630 shares of the basic materials company’s stock worth $2,118,000 after acquiring an additional 7,820 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Vale by 21.4% during the second quarter. Parametric Portfolio Associates LLC now owns 2,611,479 shares of the basic materials company’s stock worth $35,098,000 after acquiring an additional 460,056 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Vale by 2.5% during the second quarter. Northern Trust Corp now owns 4,715,377 shares of the basic materials company’s stock worth $63,375,000 after acquiring an additional 113,826 shares during the last quarter. Institutional investors own 18.89% of the company’s stock.

VALE stock traded up $0.11 on Friday, hitting $12.28. The company’s stock had a trading volume of 845,989 shares, compared to its average volume of 18,409,938. The firm has a 50 day moving average of $11.56 and a two-hundred day moving average of $12.62. Vale SA has a 1 year low of $10.20 and a 1 year high of $16.13. The stock has a market cap of $60.15 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.20. The company has a current ratio of 1.24, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.34). The firm had revenue of $9.19 billion during the quarter, compared to analyst estimates of $9.31 billion. Vale had a net margin of 9.30% and a return on equity of 21.11%. As a group, equities analysts forecast that Vale SA will post 1.18 EPS for the current fiscal year.

VALE has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Vale from $17.50 to $17.00 and set an “overweight” rating on the stock in a research note on Monday. Macquarie raised shares of Vale from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday. TheStreet downgraded shares of Vale from a “b-” rating to a “c” rating in a research note on Thursday, May 16th. Exane BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 5th. Finally, Royal Bank of Canada raised shares of Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 target price on the stock in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Vale has a consensus rating of “Hold” and a consensus price target of $14.37.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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