Impala Asset Management LLC Buys 306,500 Shares of Vale S.A. (VALE)

Impala Asset Management LLC lifted its stake in shares of Vale S.A. (NYSE:VALE) by 32.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,242,703 shares of the basic materials company’s stock after purchasing an additional 306,500 shares during the period. Impala Asset Management LLC’s holdings in Vale were worth $12,514,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Balyasny Asset Management LLC acquired a new position in Vale in the second quarter valued at approximately $42,373,000. Trilogy Global Advisors LP acquired a new position in Vale in the second quarter valued at approximately $30,124,000. NINE MASTS CAPITAL Ltd lifted its holdings in Vale by 201.4% in the second quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock valued at $21,135,000 after acquiring an additional 1,613,942 shares during the last quarter. American Century Companies Inc. lifted its holdings in Vale by 12.2% in the third quarter. American Century Companies Inc. now owns 2,315,764 shares of the basic materials company’s stock valued at $23,320,000 after acquiring an additional 252,493 shares during the last quarter. Finally, Employees Retirement System of Texas lifted its holdings in Vale by 65.2% in the second quarter. Employees Retirement System of Texas now owns 1,969,933 shares of the basic materials company’s stock valued at $17,237,000 after acquiring an additional 777,525 shares during the last quarter. Institutional investors and hedge funds own 20.37% of the company’s stock.

Vale S.A. (NYSE:VALE) traded up $0.42 during trading on Tuesday, hitting $11.32. The stock had a trading volume of 43,755,500 shares, compared to its average volume of 28,514,740. Vale S.A. has a 1-year low of $7.47 and a 1-year high of $11.72. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $56,171.79, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.67 and a beta of 1.57.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.15. Vale had a return on equity of 19.02% and a net margin of 15.25%. The business had revenue of $9.05 billion for the quarter. equities research analysts expect that Vale S.A. will post 1.25 EPS for the current year.

VALE has been the topic of a number of recent analyst reports. TheStreet upgraded Vale from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, October 18th. BidaskClub cut Vale from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th. Sandler O’Neill upgraded Vale from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Santander upgraded Vale from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.83.

TRADEMARK VIOLATION WARNING: This piece was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/12/05/impala-asset-management-llc-buys-306500-shares-of-vale-s-a-vale.html.

About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Institutional Ownership by Quarter for Vale (NYSE:VALE)

Receive News & Ratings for Vale S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply