Vanguard Group Inc. decreased its holdings in Vedanta Limited (NYSE:VEDL) by 28.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,913 shares of the basic materials company’s stock after selling 194,269 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Vedanta worth $7,727,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VEDL. Pacad Investment Ltd. acquired a new position in shares of Vedanta during the 2nd quarter worth approximately $120,000. SG Americas Securities LLC lifted its holdings in Vedanta by 22.6% in the second quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 1,959 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Vedanta by 11.6% in the second quarter. Eagle Asset Management Inc. now owns 14,313 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 1,485 shares during the last quarter. Profund Advisors LLC acquired a new position in Vedanta in the second quarter valued at approximately $245,000. Finally, Capstone Asset Management Co. acquired a new position in Vedanta in the second quarter valued at approximately $292,000. 4.30% of the stock is owned by hedge funds and other institutional investors.
Vedanta Limited (NYSE VEDL) traded down $0.13 during trading hours on Wednesday, reaching $17.74. The company’s stock had a trading volume of 464,200 shares, compared to its average volume of 420,600. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Vedanta Limited has a one year low of $12.36 and a one year high of $21.63. The firm has a market capitalization of $13,244.78, a PE ratio of 13.75 and a beta of 1.83.
Separately, BidaskClub upgraded Vedanta from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th.
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Vedanta Company Profile
Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.
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