Leonteq Securities AG Sells 340,185 Shares of Vale S.A. $VALE

Leonteq Securities AG cut its stake in shares of Vale S.A. (NYSE:VALE) by 73.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,191 shares of the basic materials company’s stock after selling 340,185 shares during the quarter. Leonteq Securities AG’s holdings in Vale were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in Vale in the 4th quarter worth approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Vale during the fourth quarter valued at approximately $33,000. Triumph Capital Management bought a new position in shares of Vale in the third quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,072 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VALE has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target on shares of Vale in a report on Friday, May 15th. Scotiabank set a $19.00 price objective on shares of Vale in a research report on Monday, June 15th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Vale Trading Up 0.5%

VALE opened at $14.97 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52 week low of $9.36 and a 52 week high of $17.94. The stock has a market cap of $67.97 billion, a PE ratio of 22.35 and a beta of 0.46. The business has a 50 day moving average of $16.04 and a 200-day moving average of $15.65.

Vale (NYSE:VALE) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. Equities research analysts predict that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.