Clear Street Group Inc. Acquires New Stake in Vale S.A. $VALE

Clear Street Group Inc. acquired a new position in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 31,581 shares of the basic materials company’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Vale in the 4th quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Vale in the fourth quarter valued at approximately $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,030 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 1.7%

VALE opened at $15.98 on Tuesday. Vale S.A. has a fifty-two week low of $8.97 and a fifty-two week high of $17.94. The company’s 50-day moving average is $16.51 and its 200 day moving average is $15.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The firm has a market capitalization of $72.52 billion, a P/E ratio of 23.84 and a beta of 0.46.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Research analysts expect that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

Insider Activity at Vale

In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the purchase, the vice president owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parenti Grazielle Tallia bought 10,464 shares of the stock in a transaction on Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the acquisition, the insider directly owned 10,464 shares in the company, valued at approximately $168,575.04. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

Several research firms have recently weighed in on VALE. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. UBS Group raised their price target on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday. Finally, Wells Fargo & Company cut their price objective on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.