Centiva Capital LP Sells 5,195 Shares of Vale S.A. (NYSE:VALE)

Centiva Capital LP lowered its position in shares of Vale S.A. (NYSE:VALE) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,453 shares of the basic materials company’s stock after selling 5,195 shares during the period. Centiva Capital LP’s holdings in Vale were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in shares of Vale by 189.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 15,280 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 10,006 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Vale by 34.2% during the 2nd quarter. Blue Trust Inc. now owns 14,880 shares of the basic materials company’s stock valued at $181,000 after buying an additional 3,794 shares in the last quarter. Accordant Advisory Group Inc boosted its holdings in Vale by 522.1% in the 2nd quarter. Accordant Advisory Group Inc now owns 21,774 shares of the basic materials company’s stock worth $243,000 after buying an additional 18,274 shares during the period. Milestone Asset Management LLC increased its stake in Vale by 359.5% in the 2nd quarter. Milestone Asset Management LLC now owns 68,413 shares of the basic materials company’s stock worth $764,000 after buying an additional 53,524 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Vale by 16.1% during the second quarter. SeaCrest Wealth Management LLC now owns 32,030 shares of the basic materials company’s stock valued at $358,000 after acquiring an additional 4,450 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Down 2.8 %

VALE stock opened at $9.47 on Friday. The firm has a market cap of $42.45 billion, a PE ratio of 4.38, a P/E/G ratio of 0.26 and a beta of 0.91. Vale S.A. has a one year low of $9.33 and a one year high of $16.08. The firm’s fifty day moving average is $10.41 and its 200 day moving average is $10.77. 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 (NYSE:VALE) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the firm posted $0.66 EPS. On average, research analysts forecast that Vale S.A. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Scotiabank cut their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, November 20th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $14.50 to $11.30 in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. Finally, Barclays reduced their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Vale has an average rating of “Hold” and a consensus price target of $14.38.

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.