Campbell & CO Investment Adviser LLC Purchases New Stake in Vedanta Limited (VEDL)
Campbell & CO Investment Adviser LLC purchased a new position in shares of Vedanta Limited (NYSE:VEDL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,683 shares of the basic materials company’s stock, valued at approximately $304,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new stake in Vedanta during the 3rd quarter worth about $110,000. Royal Bank of Canada grew its position in shares of Vedanta by 10,606.7% during the 2nd 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 during the period. Pacad Investment Ltd. acquired a new stake in shares of Vedanta during the 2nd quarter valued at about $120,000. SG Americas Securities LLC grew its position in shares of Vedanta by 22.6% during the 2nd quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 1,959 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Vedanta by 560.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,576 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 9,822 shares during the period. 4.30% of the stock is currently owned by institutional investors.
Vedanta Limited (NYSE VEDL) traded down $0.52 during trading hours on Friday, hitting $17.70. The stock had a trading volume of 764,425 shares, compared to its average volume of 419,635. Vedanta Limited has a 52-week low of $12.36 and a 52-week high of $21.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.75. The firm has a market cap of $17,110.00, a PE ratio of 14.48 and a beta of 2.22.
Separately, BidaskClub upgraded Vedanta from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th.
Vedanta 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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