Nationwide Fund Advisors decreased its holdings in Vedanta Ltd (NYSE:VEDL) by 43.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,586 shares of the basic materials company’s stock after selling 10,632 shares during the quarter. Nationwide Fund Advisors’ holdings in Vedanta were worth $263,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Freestone Capital Holdings LLC acquired a new stake in Vedanta in the 2nd quarter worth about $1,661,000. Winslow Evans & Crocker Inc. bought a new position in Vedanta in the 3rd quarter valued at about $110,000. Macquarie Group Ltd. increased its holdings in Vedanta by 224.4% in the 2nd quarter. Macquarie Group Ltd. now owns 41,854 shares of the basic materials company’s stock valued at $650,000 after buying an additional 28,954 shares during the period. Wells Fargo & Company MN increased its holdings in Vedanta by 875.6% in the 2nd quarter. Wells Fargo & Company MN now owns 477,113 shares of the basic materials company’s stock valued at $7,405,000 after buying an additional 428,210 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Vedanta by 31.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,307,900 shares of the basic materials company’s stock valued at $20,299,000 after buying an additional 314,100 shares during the period. Institutional investors and hedge funds own 4.30% of the company’s stock.
Vedanta Ltd (NYSE:VEDL) opened at $21.58 on Friday. 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 Ltd has a 1-year low of $13.18 and a 1-year high of $21.88. The company has a market cap of $19,640.00, a PE ratio of -8.70 and a beta of 2.15.
Separately, BidaskClub lowered shares of Vedanta from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th.
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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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