FIL Ltd cut its position in Vale S.A. (NYSE:VALE) by 15.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,576,070 shares of the company’s stock after selling 484,878 shares during the period. FIL Ltd’s holdings in Vale were worth $19,630,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VALE. Van ECK Associates Corp increased its position in Vale by 44.6% in the fourth quarter. Van ECK Associates Corp now owns 2,983,485 shares of the company’s stock worth $22,734,000 after buying an additional 920,083 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Vale during the fourth quarter worth $5,306,000. ING Groep NV acquired a new stake in shares of Vale during the fourth quarter worth $1,297,000. BigSur Wealth Management LLC acquired a new stake in shares of Vale during the fourth quarter worth $663,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of Vale during the fourth quarter worth $5,290,000. 7.98% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Vale (NYSE:VALE)

Vale S.A. (NYSE:VALE) traded up 0.74% during midday trading on Friday, hitting $10.94. 18,392,655 shares of the stock were exchanged. The company’s market cap is $56.38 billion. Vale S.A. has a 12 month low of $2.70 and a 12 month high of $11.49. The firm’s 50 day moving average price is $9.74 and its 200 day moving average price is $7.35.

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VALE has been the topic of a number of recent research reports. Vetr upgraded shares of Vale from a “buy” rating to a “strong-buy” rating and set a $8.87 price objective on the stock in a report on Monday, November 14th. Zacks Investment Research cut shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Citigroup Inc. upgraded shares of Vale from a “neutral” rating to a “buy” rating in a report on Monday, January 23rd. Barclays PLC upgraded shares of Vale from an “equal weight” rating to an “overweight” rating and set a $9.00 price objective on the stock in a report on Monday, January 9th. Finally, BMO Capital Markets restated an “underperform” rating and issued a $5.00 price objective on shares of Vale in a report on Wednesday, November 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Vale presently has an average rating of “Buy” and an average target price of $7.49.

About Vale

Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.

5 Day Chart for NYSE:VALE

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