Vale S.A. (NYSE:VALE) Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lessened its holdings in shares of Vale S.A. (NYSE:VALE) by 29.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,824 shares of the basic materials company’s stock after selling 4,944 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Vale were worth $105,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Richard P Slaughter Associates Inc raised its stake in Vale by 1.9% during the 4th quarter. Richard P Slaughter Associates Inc now owns 283,130 shares of the basic materials company’s stock worth $2,511,000 after acquiring an additional 5,260 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Vale during the fourth quarter worth about $226,000. 180 Wealth Advisors LLC lifted its holdings in shares of Vale by 17.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 60,750 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 8,847 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Vale in the 4th quarter valued at about $98,000. Finally, Moody National Bank Trust Division acquired a new position in Vale during the fourth quarter worth approximately $96,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Vale stock opened at $8.95 on Friday. The stock’s 50 day moving average price is $9.34 and its 200 day moving average price is $10.29. Vale S.A. has a 1-year low of $8.38 and a 1-year high of $14.47. 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 posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same period in the prior year, the company posted $0.66 EPS. Equities analysts anticipate that Vale S.A. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

VALE has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. StockNews.com initiated coverage on shares of Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Jefferies Financial Group dropped their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.