Vale SA (VALE) Stake Lowered by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in shares of Vale SA (NYSE:VALE) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,142,200 shares of the basic materials company’s stock after selling 7,496,600 shares during the quarter. Two Sigma Advisers LP owned 0.14% of Vale worth $87,349,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VALE. Rational Advisors LLC bought a new stake in Vale during the 4th quarter valued at approximately $122,000. KCS Wealth Advisory bought a new stake in Vale during the 4th quarter valued at $125,000. GWM Advisors LLC bought a new stake in Vale during the 4th quarter valued at $149,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Vale in the 3rd quarter worth $151,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Vale during the 3rd quarter valued at about $171,000. 19.08% of the stock is currently owned by institutional investors.

Vale SA (VALE) opened at $12.90 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $67,829.48, a price-to-earnings ratio of 9.63 and a beta of 1.55. Vale SA has a twelve month low of $7.47 and a twelve month high of $14.67.

The company also recently disclosed a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.098 per share. The ex-dividend date of this dividend is Friday, December 22nd. Vale’s payout ratio is 23.58%.

Several research analysts recently issued reports on VALE shares. Royal Bank of Canada raised Vale from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $14.50 in a research report on Monday, November 20th. Credit Suisse Group restated a “buy” rating and issued a $16.00 target price on shares of Vale in a research note on Wednesday, January 24th. UBS Group upgraded Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Jefferies Group reissued a “hold” rating and set a $14.00 target price on shares of Vale in a report on Thursday, February 15th. Finally, Morgan Stanley raised Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a report on Monday, November 27th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Vale currently has an average rating of “Buy” and a consensus target price of $13.18.

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About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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