Vinland Capital Management Gestora de Recursos LTDA. Makes New $652,000 Investment in Vale S.A. $VALE

Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in Vale S.A. (NYSE:VALE) in the 4th quarter, HoldingsChannel reports. The fund acquired 50,000 shares of the basic materials company’s stock, valued at approximately $652,000. Vale makes up 9.1% of Vinland Capital Management Gestora de Recursos LTDA.’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds have also bought and sold shares of VALE. N.E.W. Advisory Services LLC purchased a new position in Vale in the 4th quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,155 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Vale by 60.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,030 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in Vale in the fourth quarter worth approximately $33,000. Finally, Triumph Capital Management acquired a new stake in Vale during the third quarter worth $34,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Insider Activity

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

Vale Trading Down 0.6%

VALE opened at $15.44 on Friday. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The company has a market cap of $70.06 billion, a P/E ratio of 23.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The business’s 50-day simple moving average is $16.48 and its 200-day simple moving average is $15.49.

Vale (NYSE:VALE) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. As a group, equities research analysts expect that Vale S.A. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VALE shares. Barclays increased their price target on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Morgan Stanley increased their target price on shares of Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Wells Fargo & Company cut their target price on 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 equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

About Vale

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.