Todd Asset Management LLC lessened its stake in Vedanta Limited (NYSE:VEDL) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,000 shares of the basic materials company’s stock after selling 9,200 shares during the period. Todd Asset Management LLC’s holdings in Vedanta Limited were worth $3,640,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VEDL. Mondrian Investment Partners LTD increased its stake in shares of Vedanta Limited by 122.3% in the second quarter. Mondrian Investment Partners LTD now owns 2,075,920 shares of the basic materials company’s stock worth $32,218,000 after buying an additional 1,142,120 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Vedanta Limited by 875.6% in the second quarter. Wells Fargo & Company MN now owns 477,113 shares of the basic materials company’s stock worth $7,405,000 after buying an additional 428,210 shares during the last quarter. State Street Corp increased its stake in shares of Vedanta Limited by 40.2% in the second quarter. State Street Corp now owns 1,488,830 shares of the basic materials company’s stock worth $23,105,000 after buying an additional 427,170 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Vedanta Limited by 31.6% in the second quarter. Renaissance Technologies LLC now owns 1,307,900 shares of the basic materials company’s stock worth $20,299,000 after buying an additional 314,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Vedanta Limited by 142.2% in the third quarter. Principal Financial Group Inc. now owns 484,262 shares of the basic materials company’s stock worth $9,375,000 after buying an additional 284,287 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.
Shares of Vedanta Limited (NYSE:VEDL) traded down $0.53 during trading hours on Wednesday, hitting $18.77. 545,800 shares of the company were exchanged, compared to its average volume of 420,245. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14,304.66, a price-to-earnings ratio of 16.08 and a beta of 1.89. Vedanta Limited has a fifty-two week low of $11.55 and a fifty-two week high of $21.63.
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Separately, BidaskClub upgraded shares of Vedanta Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th.
Vedanta Limited 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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