Cadence Capital Management LLC cut its stake in Vale SA (NYSE:VALE) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,934 shares of the basic materials company’s stock after selling 17,486 shares during the quarter. Cadence Capital Management LLC’s holdings in Vale were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of Vale by 43.7% in the fourth quarter. Acadian Asset Management LLC now owns 20,382,633 shares of the basic materials company’s stock valued at $249,279,000 after purchasing an additional 6,199,051 shares during the period. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 252,493 shares during the period. Investec Asset Management LTD bought a new position in shares of Vale in the third quarter valued at about $17,457,000. 3G Capital Partners LP bought a new position in shares of Vale in the third quarter valued at about $15,105,000. Finally, Anchor Bolt Capital LP bought a new position in shares of Vale in the third quarter valued at about $13,952,000. 19.06% of the stock is currently owned by institutional investors.

VALE has been the topic of a number of recent research reports. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Vale in a research report on Monday, October 23rd. BMO Capital Markets set a $11.00 price target on shares of Vale and gave the stock a “hold” rating in a research report on Thursday, December 7th. Royal Bank of Canada set a $15.00 price target on shares of Vale and gave the stock a “buy” rating in a research report on Tuesday, December 5th. TheStreet raised shares of Vale from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Vale from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $11.79.

Vale SA (NYSE VALE) opened at $13.27 on Wednesday. Vale SA has a 1 year low of $7.47 and a 1 year high of $13.57. The company has a market cap of $68,410.00, a PE ratio of 10.37, a P/E/G ratio of 0.85 and a beta of 1.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86.

The company also recently disclosed a None dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.098 per share. The ex-dividend date of this dividend is Friday, December 22nd. Vale’s payout ratio is 26.56%.

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Vale Company Profile

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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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