Aperio Group LLC boosted its position in shares of Vedanta Limited (NYSE:VEDL) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,813 shares of the basic materials company’s stock after buying an additional 43,383 shares during the period. Aperio Group LLC’s holdings in Vedanta Limited were worth $4,870,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Group One Trading L.P. raised its position in shares of Vedanta Limited by 65.4% in the first quarter. Group One Trading L.P. now owns 7,762 shares of the basic materials company’s stock worth $133,000 after buying an additional 3,068 shares in the last quarter. SG Americas Securities LLC bought a new stake in Vedanta Limited during the first quarter valued at about $149,000. Macquarie Group Ltd. bought a new stake in Vedanta Limited during the fourth quarter valued at about $160,000. Eagle Asset Management Inc. increased its stake in shares of Vedanta Limited by 18.8% in the first quarter. Eagle Asset Management Inc. now owns 12,828 shares of the basic materials company’s stock valued at $220,000 after buying an additional 2,030 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new stake in shares of Vedanta Limited during the first quarter valued at $249,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vedanta Limited (NYSE:VEDL) opened at 18.76 on Friday. The firm has a 50 day moving average price of $17.33 and a 200 day moving average price of $15.74. Vedanta Limited has a 52 week low of $9.42 and a 52 week high of $19.20. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 14.79 and a beta of 1.88.
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Several equities analysts have commented on VEDL shares. Goldman Sachs Group, Inc. (The) downgraded Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, April 25th. Jefferies Group LLC cut Vedanta Limited from a “hold” rating to an “underperform” rating in a research note on Thursday, June 8th. Finally, BidaskClub cut Vedanta Limited from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vedanta Limited currently has an average rating of “Buy”.
About Vedanta Limited
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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