GSA Capital Partners LLP Has $1.94 Million Position in Vale S.A. (NYSE:VALE)

GSA Capital Partners LLP raised its holdings in Vale S.A. (NYSE:VALE) by 27.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,811 shares of the basic materials company’s stock after purchasing an additional 33,957 shares during the quarter. GSA Capital Partners LLP’s holdings in Vale were worth $1,936,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Vale by 180.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 683,428 shares of the basic materials company’s stock valued at $8,331,000 after purchasing an additional 439,733 shares in the last quarter. Norden Group LLC boosted its holdings in shares of Vale by 125.0% in the 1st quarter. Norden Group LLC now owns 185,612 shares of the basic materials company’s stock valued at $2,263,000 after purchasing an additional 103,100 shares in the last quarter. Stock Yards Bank & Trust Co. acquired a new stake in shares of Vale in the 1st quarter valued at $125,000. Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $30,048,000 after purchasing an additional 24,552 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Vale by 52.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 662,938 shares of the basic materials company’s stock valued at $8,081,000 after purchasing an additional 227,151 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 0.3 %

Vale stock traded down $0.04 during trading hours on Wednesday, reaching $11.52. 7,849,288 shares of the company’s stock were exchanged, compared to its average volume of 25,905,803. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $12.82. Vale S.A. has a twelve month low of $10.99 and a twelve month high of $16.08. The firm has a market capitalization of $51.65 billion, a PE ratio of 6.38, a PEG ratio of 3.83 and a beta of 0.96.

Vale (NYSE:VALE) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.35 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. Research analysts predict that Vale S.A. will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VALE shares. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Morgan Stanley dropped their price target on Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. dropped their price target on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com started coverage on Vale in a research note on Saturday, March 30th. They issued a “buy” rating for the company. 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 report on Friday, July 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Vale presently has an average rating of “Moderate Buy” and an average target price of $16.86.

Vale 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.