Aperio Group LLC lifted its stake in shares of Vedanta Ltd (NYSE:VEDL) by 42.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 681,598 shares of the basic materials company’s stock after buying an additional 204,386 shares during the period. Aperio Group LLC’s holdings in Vedanta were worth $8,724,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VEDL. Northern Trust Corp grew its position in Vedanta by 16.4% in the 1st quarter. Northern Trust Corp now owns 423,930 shares of the basic materials company’s stock valued at $7,449,000 after purchasing an additional 59,622 shares during the period. BlackRock Inc. lifted its stake in Vedanta by 4.3% during the 1st quarter. BlackRock Inc. now owns 4,438,996 shares of the basic materials company’s stock valued at $77,993,000 after acquiring an additional 183,719 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Vedanta during the 1st quarter valued at $4,706,000. Sei Investments Co. bought a new position in Vedanta during the 1st quarter valued at $190,000. Finally, Guggenheim Capital LLC lifted its stake in Vedanta by 15.4% during the 1st quarter. Guggenheim Capital LLC now owns 138,456 shares of the basic materials company’s stock valued at $2,433,000 after acquiring an additional 18,503 shares in the last quarter. 4.93% of the stock is owned by institutional investors.

Separately, Goldman Sachs Group initiated coverage on Vedanta in a research note on Tuesday, August 28th. They set a “buy” rating on the stock.

Shares of NYSE:VEDL opened at $11.07 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. Vedanta Ltd has a 1-year low of $10.87 and a 1-year high of $21.99. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 6.83 and a beta of 2.12.

Vedanta (NYSE:VEDL) last released its earnings results on Tuesday, July 31st. The basic materials company reported $0.25 EPS for the quarter. The company had revenue of $3.38 billion for the quarter. Vedanta had a return on equity of 27.06% and a net margin of 10.77%.

About Vedanta

Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.

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Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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