Goldman Sachs Group Inc. trimmed its position in Vedanta Ltd (NYSE:VEDL) by 54.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,446 shares of the basic materials company’s stock after selling 232,926 shares during the period. Goldman Sachs Group Inc.’s holdings in Vedanta were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Vedanta by 54.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,947 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 2,785 shares during the period. Lindbrook Capital LLC increased its stake in shares of Vedanta by 351.1% during the 2nd quarter. Lindbrook Capital LLC now owns 10,705 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 8,332 shares during the last quarter. WealthStone Inc. purchased a new stake in shares of Vedanta during the 2nd quarter worth approximately $77,000. Nuveen Asset Management LLC purchased a new stake in shares of Vedanta during the 1st quarter worth approximately $52,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Vedanta during the 1st quarter worth approximately $55,000. Institutional investors own 3.84% of the company’s stock.

Shares of VEDL stock opened at $7.41 on Monday. The company has a 50 day moving average of $6.88 and a 200-day moving average of $5.40. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 0.51. Vedanta Ltd has a 12-month low of $3.24 and a 12-month high of $9.41. The firm has a market cap of $6.89 billion, a P/E ratio of -7.64 and a beta of 1.75.

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

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