Vale S.A. (VALE) loses confidence of 42 hedge fund managers

Vale S.A. (NYSE:VALE) is on recovery track with 55.08% gain from a 1-year low price of $7.30. The company added 3.85% to attain the price of $11.32 on 12/04/2017. Throughout the recent session, the prices were hovering between $11.1 and $11.41. These shares are 2.83% off its target price of $11.64 and the current market capitalization stands at $61.49B. The recent change has given its price a 10.7% lead over SMA 50 and -3.37% deficit over its 52-week high. The stock witnessed 10.33% gains, -0.53% declines and 39.07% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VALE’s volatility during a week at 3.28% and during a month it has been found around 2.67%.

Vale S.A. (VALE) Top Holders

Institutional investors currently hold around $12.35 billion or 20.6% in VALE stock. Look at its top three institutional owners. Capital Research Global Investors owns $1.88 billion in Vale S.A., which represents roughly 3.06% of the company’s market cap and approximately 15.26% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 98,526,452 shares of the stock are valued at $1.07 billion. The third largest holder is Aberdeen Asset Management Plc/Uk, which currently holds $1.05 billion worth of this stock and that ownership represents nearly 1.71% of its market capitalization.

Vale S.A. 13F Filings

At the end of 09/30/2017 reporting period, 156 institutional holders increased their position in Vale S.A. (NYSE:VALE) by some 207,211,552 shares, 157 decreased positions by 91,743,632 and 55 held positions by 833,604,483. That puts total institutional holdings at 1,132,559,667 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 111,286,774 shares while 42 institutional investors sold out their entire positions totaling 12,286,302 shares.

Vale S.A. (VALE) Analyst Guide

Several analysts have released their opinion on Vale S.A. (NYSE:VALE), with 5 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.95 average brokerage recommendation.

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