Caprock Group LLC Purchases New Stake in Vale S.A. (NYSE:VALE)

Caprock Group LLC acquired a new position in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 150,672 shares of the basic materials company’s stock, valued at approximately $1,336,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Vale in the 3rd quarter valued at about $28,000. Brooklyn Investment Group raised its position in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Vale during the 3rd quarter valued at approximately $36,000. R Squared Ltd purchased a new position in Vale in the 4th quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Vale in the 3rd quarter valued at approximately $79,000. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Scotiabank cut their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. StockNews.com assumed coverage on shares of Vale in a report on Friday, December 13th. They issued a “buy” rating on the stock. Barclays decreased 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. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Jefferies Financial Group decreased their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Vale presently has an average rating of “Hold” and a consensus target price of $13.89.

Vale Trading Down 0.9 %

NYSE VALE opened at $9.31 on Monday. The stock’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $10.10. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.89. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 4.31, a PEG ratio of 0.28 and a beta of 0.92.

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.