Parametric Portfolio Associates LLC raised its holdings in shares of Vedanta Limited (NYSE:VEDL) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 445,284 shares of the basic materials company’s stock after acquiring an additional 61,348 shares during the period. Parametric Portfolio Associates LLC’s holdings in Vedanta Limited were worth $6,911,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacad Investment Ltd. acquired a new stake in Vedanta Limited during the 2nd quarter valued at approximately $120,000. SG Americas Securities LLC acquired a new stake in Vedanta Limited during the 1st quarter valued at approximately $149,000. Eagle Asset Management Inc. lifted its stake in Vedanta Limited by 11.6% during the 2nd 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 period. Profund Advisors LLC acquired a new stake in Vedanta Limited during the 2nd quarter valued at approximately $245,000. Finally, Nationwide Fund Advisors acquired a new stake in Vedanta Limited during the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 3.92% of the company’s stock.
Vedanta Limited (NYSE:VEDL) opened at 20.97 on Friday. The company has a 50 day moving average of $19.99 and a 200 day moving average of $17.12. The firm has a market capitalization of $19.47 billion, a PE ratio of 16.54 and a beta of 1.87. Vedanta Limited has a 1-year low of $11.55 and a 1-year high of $21.02.
Separately, BidaskClub upgraded shares of Vedanta Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th.
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Vedanta Limited 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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