D Orazio & Associates Inc. Sells 1,855 Shares of Vale S.A. (NYSE:VALE)

D Orazio & Associates Inc. lowered its position in Vale S.A. (NYSE:VALE) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,521 shares of the basic materials company’s stock after selling 1,855 shares during the period. D Orazio & Associates Inc.’s holdings in Vale were worth $218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group increased its position in 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 acquiring an additional 1,900 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vale during the third quarter valued at approximately $28,000. Point72 Hong Kong Ltd acquired a new stake in shares of Vale in the third quarter valued at approximately $36,000. R Squared Ltd bought a new position in Vale in the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Vale in the 3rd quarter worth approximately $79,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Trading Down 1.6 %

NYSE VALE opened at $9.46 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The stock’s 50-day moving average is $9.09 and its 200-day moving average is $10.06. Vale S.A. has a one year low of $8.38 and a one year high of $13.77. The firm has a market cap of $42.93 billion, a P/E ratio of 4.38, a P/E/G ratio of 0.29 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VALE. Jefferies Financial Group lowered their target price on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Barclays lowered their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.89.

About Vale

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.