Caprock Group LLC Buys New Holdings in Vale S.A. (NYSE:VALE)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Brooklyn Investment Group grew its holdings 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 worth $25,000 after purchasing an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vale during the 3rd quarter valued at $28,000. Point72 Hong Kong Ltd bought a new stake in Vale in the 3rd quarter worth $36,000. R Squared Ltd purchased a new position in shares of Vale in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vale during the third quarter valued at about $79,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Jefferies Financial Group reduced their target price on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Scotiabank cut their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Barclays decreased their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, StockNews.com started coverage on shares of Vale in a research report on Friday, December 13th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.89.

Vale Price Performance

Shares of NYSE VALE opened at $9.31 on Monday. The company has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $10.10. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.89. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 4.31, a P/E/G ratio of 0.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

About Vale

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.