Global X Management Co. LLC reduced its position in shares of Vedanta Limited (NYSE:VEDL) by 26.0% during the second quarter, Holdings Channel reports. The institutional investor owned 105,699 shares of the basic materials company’s stock after selling 37,075 shares during the period. Global X Management Co. LLC’s holdings in Vedanta Limited were worth $1,640,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D raised its stake in shares of Vedanta Limited by 12.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 117,500 shares of the basic materials company’s stock worth $1,824,000 after buying an additional 13,000 shares in the last quarter. Aperio Group LLC raised its stake in shares of Vedanta Limited by 16.0% in the second quarter. Aperio Group LLC now owns 313,813 shares of the basic materials company’s stock worth $4,870,000 after buying an additional 43,383 shares in the last quarter. Creative Planning raised its stake in shares of Vedanta Limited by 30.0% in the second quarter. Creative Planning now owns 26,000 shares of the basic materials company’s stock worth $404,000 after buying an additional 6,000 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Vedanta Limited by 16.2% in the second quarter. Bank of Montreal Can now owns 411,443 shares of the basic materials company’s stock worth $6,386,000 after buying an additional 57,414 shares in the last quarter. Finally, Capstone Asset Management Co. purchased a new stake in shares of Vedanta Limited during the second quarter worth about $292,000. 3.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Vedanta Limited (NYSE VEDL) opened at 17.83 on Friday. Vedanta Limited has a one year low of $9.42 and a one year high of $18.86. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 14.06 and a beta of 1.88. The company has a 50 day moving average of $16.81 and a 200-day moving average of $15.62.

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A number of brokerages recently issued reports on VEDL. BidaskClub raised shares of Vedanta Limited from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Group LLC lowered shares of Vedanta Limited from a “hold” rating to an “underperform” rating in a report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy”.

Vedanta Limited 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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Institutional Ownership by Quarter for Vedanta  Limited (NYSE:VEDL)

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