Vale S.A. (NYSE:VALE) Shares Acquired by Prosperitas Financial LLC

Prosperitas Financial LLC increased its position in shares of Vale S.A. (NYSE:VALE) by 20.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,380 shares of the basic materials company’s stock after purchasing an additional 34,366 shares during the quarter. Prosperitas Financial LLC’s holdings in Vale were worth $2,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VALE. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $8,331,000 after buying an additional 439,733 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Vale by 27.2% in the first quarter. GSA Capital Partners LLP now owns 158,811 shares of the basic materials company’s stock worth $1,936,000 after acquiring an additional 33,957 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Vale by 73.1% in the first quarter. Pzena Investment Management LLC now owns 229,345 shares of the basic materials company’s stock valued at $2,796,000 after acquiring an additional 96,850 shares during the period. Csenge Advisory Group boosted its stake in Vale by 18.4% in the first quarter. Csenge Advisory Group now owns 13,769 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 2,144 shares during the period. Finally, Gould Asset Management LLC CA grew its holdings in shares of Vale by 12.7% during the first quarter. Gould Asset Management LLC CA now owns 15,940 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of VALE opened at $10.60 on Friday. The firm has a market capitalization of $47.52 billion, a PE ratio of 4.91, a P/E/G ratio of 0.29 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $10.79 and a 200 day moving average price of $11.24. Vale S.A. has a 52-week low of $9.66 and a 52-week high of $16.08.

Vale (NYSE:VALE) last posted its quarterly earnings data 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. Vale had a net margin of 22.59% and a return on equity of 21.07%. The business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the firm posted $0.66 earnings per share. On average, sell-side analysts anticipate that Vale S.A. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VALE. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Scotiabank cut their target price on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. StockNews.com started coverage on shares of Vale in a research report on Friday, October 18th. They set a “buy” rating for the company. Morgan Stanley dropped their price objective on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.17.

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.