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

Leonteq Securities AG cut its position in Vale S.A. (NYSE:VALE) by 73.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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).

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Vale by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 632 shares in the last quarter. Chesapeake Capital Corp IL raised its position in shares of Vale by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after buying an additional 646 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Vale by 1.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 38,134 shares of the basic materials company’s stock worth $497,000 after buying an additional 675 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Vale by 1.3% in the fourth quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock worth $871,000 after buying an additional 853 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Vale by 5.4% during the third quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock valued at $188,000 after buying an additional 885 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Up 0.5%

Shares of NYSE VALE opened at $14.97 on Friday. Vale S.A. has a one year low of $9.36 and a one year high of $17.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The firm’s 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $15.65. The stock has a market capitalization of $67.97 billion, a P/E ratio of 22.35 and a beta of 0.46.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of Vale in a research report on Friday, May 15th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Vale 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.