Vale S.A. (NYSE:VALE) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lessened its stake in shares of Vale S.A. (NYSE:VALE) by 56.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,009 shares of the basic materials company’s stock after selling 14,212 shares during the quarter. Traynor Capital Management Inc.’s holdings in Vale were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in shares of Vale by 7.8% in the third quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock valued at $159,000 after buying an additional 987 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Vale by 5.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 1,375 shares during the period. Keynote Financial Services LLC boosted its holdings in shares of Vale by 13.5% during the third quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 1,400 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vale by 1.0% in the third quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock valued at $1,852,000 after purchasing an additional 1,494 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its stake in Vale by 16.8% in the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 1,725 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 0.3 %

Shares of Vale stock opened at $8.90 on Friday. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $14.47. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 4.12, a price-to-earnings-growth ratio of 0.28 and a beta of 0.92. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $9.24 and a 200 day moving average price of $10.21.

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. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities research analysts forecast that Vale S.A. will post 1.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. StockNews.com started coverage on shares of Vale in a research report on Friday, December 13th. They issued a “buy” rating on the stock. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

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.