Vedanta Limited (VEDL) Position Boosted by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC boosted its position in shares of Vedanta Limited (NYSE:VEDL) by 34.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,021 shares of the basic materials company’s stock after acquiring an additional 36,322 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Vedanta Limited were worth $2,750,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of VEDL. Royal Bank of Canada grew its stake in Vedanta Limited by 10,606.7% during the second quarter. Royal Bank of Canada now owns 6,424 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 6,364 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Vedanta Limited during the third quarter valued at approximately $110,000. Pacad Investment Ltd. bought a new stake in Vedanta Limited during the second quarter valued at approximately $120,000. SG Americas Securities LLC lifted its position in Vedanta Limited by 22.6% during the second quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Vedanta Limited by 11.6% during the second quarter. Eagle Asset Management Inc. now owns 14,313 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 1,485 shares during the last quarter. 4.04% of the stock is owned by institutional investors.
Separately, BidaskClub lowered shares of Vedanta Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th.
Shares of Vedanta Limited (NYSE VEDL) opened at $19.30 on Tuesday. The firm has a market cap of $14,719.72, a P/E ratio of 16.55 and a beta of 1.89. 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 1-year low of $11.55 and a 1-year high of $21.63.
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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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