Mondrian Investment Partners LTD increased its holdings in Vedanta Ltd (NYSE:VEDL) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,966,143 shares of the basic materials company’s stock after buying an additional 200,122 shares during the period. Mondrian Investment Partners LTD owned 0.32% of Vedanta worth $25,746,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position in Vedanta by 168.4% during the second quarter. Cornerstone Advisors Inc. now owns 3,151 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 1,977 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Vedanta during the second quarter valued at approximately $47,000. Lindbrook Capital LLC raised its position in Vedanta by 242.2% during the third quarter. Lindbrook Capital LLC now owns 4,658 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,297 shares in the last quarter. Corient Capital Partners LLC acquired a new position in Vedanta during the second quarter valued at approximately $104,000. Finally, Exane Derivatives acquired a new position in Vedanta during the second quarter valued at approximately $118,000. Institutional investors own 3.66% of the company’s stock.
VEDL traded down $0.32 during trading on Friday, hitting $8.76. 384,093 shares of the stock traded hands, compared to its average volume of 578,719. Vedanta Ltd has a twelve month low of $7.04 and a twelve month high of $11.84. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 8.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.61. The business has a 50 day moving average price of $8.57 and a 200 day moving average price of $8.93.
Vedanta Company Profile
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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