Date:May 25, 2018

Cetera Advisors LLC decreased its position in Vale (NYSE:VALE) by 35.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 99,066 shares of the basic materials company’s stock after selling 53,737 shares during the period. Cetera Advisors LLC’s holdings in Vale were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Vale by 247,063.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,651,050 shares of the basic materials company’s stock worth $20,192,000 after acquiring an additional 1,650,382 shares during the period. Pinnacle Associates Ltd. purchased a new stake in Vale in the fourth quarter worth $1,941,000. BT Investment Management Ltd lifted its stake in Vale by 6.6% in the fourth quarter. BT Investment Management Ltd now owns 1,694,251 shares of the basic materials company’s stock worth $20,721,000 after acquiring an additional 105,548 shares during the period. Aperio Group LLC lifted its stake in Vale by 11.3% in the fourth quarter. Aperio Group LLC now owns 323,421 shares of the basic materials company’s stock worth $3,955,000 after acquiring an additional 32,715 shares during the period. Finally, Advisory Services Network LLC lifted its stake in Vale by 281.9% in the fourth quarter. Advisory Services Network LLC now owns 20,781 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 15,340 shares during the period. Hedge funds and other institutional investors own 19.68% of the company’s stock.

Shares of Vale stock opened at $14.34 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The firm has a market cap of $75.19 billion, a price-to-earnings ratio of 10.62 and a beta of 1.63. Vale has a 12 month low of $7.65 and a 12 month high of $15.24.

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