GSA Capital Partners LLP Has $1.91 Million Stock Holdings in Vale S.A. (NYSE:VALE)

GSA Capital Partners LLP decreased its holdings in shares of Vale S.A. (NYSE:VALE) by 60.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 163,503 shares of the basic materials company’s stock after selling 254,056 shares during the period. GSA Capital Partners LLP’s holdings in Vale were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in Vale by 51.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 48,637 shares of the basic materials company’s stock valued at $568,000 after purchasing an additional 16,563 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in Vale during the 3rd quarter valued at $259,000. Keynote Financial Services LLC lifted its holdings in Vale by 13.5% during the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 1,400 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Vale by 17.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 135,925 shares of the basic materials company’s stock valued at $1,588,000 after purchasing an additional 20,157 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in Vale by 4.2% during the 3rd quarter. Radnor Capital Management LLC now owns 58,099 shares of the basic materials company’s stock valued at $679,000 after purchasing an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Down 2.5 %

Shares of NYSE VALE opened at $9.96 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The stock has a market capitalization of $44.65 billion, a P/E ratio of 4.73, a PEG ratio of 0.29 and a beta of 0.94. The stock’s fifty day moving average is $10.80 and its 200 day moving average is $11.18.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The company had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the business earned $0.66 earnings per share. Sell-side analysts forecast that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VALE. JPMorgan Chase & Co. cut their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Morgan Stanley dropped their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday, September 19th. Scotiabank dropped their target price on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Finally, UBS Group downgraded Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.83.

Vale Company 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.