Cravens & Co Advisors LLC Has $234,000 Holdings in Vale S.A. (NYSE:VALE)

Cravens & Co Advisors LLC decreased its holdings in shares of Vale S.A. (NYSE:VALE) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,073 shares of the basic materials company’s stock after selling 2,543 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Vale were worth $234,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VALE. Pacifica Partners Inc. bought a new stake in Vale in the 2nd quarter valued at $27,000. Lowe Wealth Advisors LLC acquired a new stake in Vale during the second quarter worth approximately $45,000. Phillips Wealth Planners LLC bought a new stake in shares of Vale during the third quarter worth approximately $118,000. Vawter Financial Ltd. acquired a new position in shares of Vale in the second quarter valued at approximately $124,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Vale during the second quarter worth approximately $125,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on VALE shares. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Morgan Stanley decreased their price target on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Scotiabank decreased their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.13.

Vale Price Performance

Shares of VALE opened at $9.90 on Wednesday. The stock has a market cap of $44.36 billion, a PE ratio of 4.58, a PEG ratio of 0.27 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $10.73 and a two-hundred day simple moving average of $10.98. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same period in the prior year, the company posted $0.66 EPS. Analysts anticipate that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

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.