Mondrian Investment Partners LTD increased its position in shares of Vedanta Limited (NYSE:VEDL) by 122.3% during the second quarter, Holdings Channel reports. The firm owned 2,075,920 shares of the basic materials company’s stock after buying an additional 1,142,120 shares during the period. Mondrian Investment Partners LTD’s holdings in Vedanta Limited were worth $32,218,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP increased its position in Vedanta Limited by 82.3% in the second quarter. First Trust Advisors LP now owns 530,586 shares of the basic materials company’s stock worth $8,235,000 after buying an additional 239,551 shares during the period. Wetherby Asset Management Inc. increased its position in Vedanta Limited by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 26,292 shares of the basic materials company’s stock worth $408,000 after buying an additional 1,116 shares during the period. State of New Jersey Common Pension Fund D increased its position in Vedanta Limited by 12.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 117,500 shares of the basic materials company’s stock worth $1,824,000 after buying an additional 13,000 shares during the period. Aperio Group LLC increased its position in Vedanta Limited by 16.0% in the second quarter. Aperio Group LLC now owns 313,813 shares of the basic materials company’s stock worth $4,870,000 after buying an additional 43,383 shares during the period. Finally, Creative Planning increased its position in Vedanta Limited by 30.0% in the second quarter. Creative Planning now owns 26,000 shares of the basic materials company’s stock worth $404,000 after buying an additional 6,000 shares during the period. 3.64% of the stock is currently owned by institutional investors.

Shares of Vedanta Limited (NYSE:VEDL) opened at 18.44 on Friday. Vedanta Limited has a 52 week low of $9.42 and a 52 week high of $18.86. The firm has a market cap of $17.12 billion, a P/E ratio of 14.54 and a beta of 1.88. The company’s 50-day moving average price is $16.71 and its 200 day moving average price is $15.59.

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A number of research analysts have recently weighed in on the company. BidaskClub raised Vedanta Limited from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Group LLC downgraded Vedanta Limited from a “hold” rating to an “underperform” rating in a research note on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) downgraded Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus 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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Institutional Ownership by Quarter for Vedanta  Limited (NYSE:VEDL)

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