Mitchell Capital Management Co. Has $525,000 Stock Position in Vale S.A. (NYSE:VALE)

Mitchell Capital Management Co. grew its stake in shares of Vale S.A. (NYSE:VALE) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,005 shares of the basic materials company’s stock after purchasing an additional 2,074 shares during the quarter. Mitchell Capital Management Co.’s holdings in Vale were worth $525,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VALE. Assetmark Inc. boosted its stake in shares of Vale by 388.5% during the 1st quarter. Assetmark Inc. now owns 1,617 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,286 shares during the period. JTC Employer Solutions Trusteee Ltd bought a new position in shares of Vale during the 2nd quarter worth approximately $29,000. Capital Analysts LLC bought a new position in shares of Vale during the 1st quarter worth approximately $36,000. Smith Asset Management Group LP boosted its stake in shares of Vale by 336.8% during the 2nd quarter. Smith Asset Management Group LP now owns 1,660 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,280 shares during the period. Finally, Eudaimonia Partners LLC bought a new position in shares of Vale during the 1st quarter worth approximately $44,000. 24.60% of the stock is currently owned by hedge funds and other institutional investors.

NYSE VALE opened at $17.83 on Wednesday. The business’s 50-day moving average price is $20.47 and its two-hundred day moving average price is $20.18. Vale S.A. has a 12 month low of $10.29 and a 12 month high of $23.17. The firm has a market capitalization of $91.44 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. The company has a current ratio of 1.77, a quick ratio of 1.44 and a debt-to-equity ratio of 0.41.

Vale (NYSE:VALE) last released its quarterly earnings results on Wednesday, July 28th. The basic materials company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.11. Vale had a return on equity of 65.49% and a net margin of 30.59%. The firm had revenue of $16.68 billion for the quarter, compared to analyst estimates of $16.78 billion. As a group, analysts forecast that Vale S.A. will post 5.7 earnings per share for the current fiscal year.

The firm also recently announced a Variable dividend, which was paid on Thursday, July 8th. Investors of record on Friday, June 25th were given a dividend of $1.8803 per share. This is a positive change from Vale’s previous Variable dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 24th. This represents a dividend yield of 8.92%. Vale’s dividend payout ratio is presently 61.61%.

Several brokerages have weighed in on VALE. Zacks Investment Research cut Vale from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Tuesday, August 24th. HSBC lifted their price objective on Vale from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 15th. Royal Bank of Canada dropped their price objective on Vale from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 2nd. Finally, Scotiabank reissued an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of Vale in a report on Monday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus price target of $21.42.

About Vale

Vale SA engages in the production and exportation of iron ore, pellets, manganese, and iron alloys. It operates through the following segments: Ferrous Minerals, Base Metals, and Coal. The Ferrous Minerals segment includes production and extraction of iron ore, iron ore pellets, manganese, other ferrous products, and logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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