Vedanta Limited (VEDL) Position Trimmed by Nordea Investment Management AB
Nordea Investment Management AB cut its holdings in shares of Vedanta Limited (NYSE:VEDL) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,961 shares of the basic materials company’s stock after selling 10,441 shares during the quarter. Nordea Investment Management AB’s holdings in Vedanta were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Vedanta by 10,606.7% during the second quarter. Royal Bank of Canada now owns 6,424 shares of the basic materials company’s stock worth $100,000 after buying an additional 6,364 shares during the period. Winslow Evans & Crocker Inc. purchased a new position in shares of Vedanta in the 3rd quarter worth about $110,000. Pacad Investment Ltd. purchased a new position in shares of Vedanta in the 2nd quarter worth about $120,000. SG Americas Securities LLC raised its holdings in shares of Vedanta by 22.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 1,959 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Vedanta by 11.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 14,313 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 1,485 shares during the period. Hedge funds and other institutional investors own 4.30% of the company’s stock.
Separately, BidaskClub downgraded Vedanta from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd.
Vedanta Limited (VEDL) traded up $0.24 during trading on Friday, hitting $17.82. The stock had a trading volume of 514,900 shares, compared to its average volume of 421,083. The stock has a market cap of $13,029.84, a P/E ratio of 13.52 and a beta of 1.83. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. Vedanta Limited has a 52 week low of $12.36 and a 52 week high of $21.63.
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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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