Principal Financial Group Inc. Sells 46,225 Shares of Vedanta Limited (VEDL)
Principal Financial Group Inc. reduced its position in shares of Vedanta Limited (NYSE:VEDL) by 18.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,975 shares of the basic materials company’s stock after selling 46,225 shares during the period. Principal Financial Group Inc.’s holdings in Vedanta Limited were worth $3,104,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Vedanta Limited during the first quarter worth about $149,000. Nationwide Fund Advisors acquired a new position in shares of Vedanta Limited during the first quarter worth about $249,000. Capstone Asset Management Co. acquired a new position in shares of Vedanta Limited during the second quarter worth about $292,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Vedanta Limited during the second quarter worth about $298,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Vedanta Limited by 30.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 19,974 shares of the basic materials company’s stock worth $343,000 after buying an additional 4,674 shares during the period. 3.89% of the stock is owned by institutional investors.
Vedanta Limited (VEDL) opened at 20.05 on Friday. Vedanta Limited has a 12 month low of $11.30 and a 12 month high of $20.92. The firm has a market capitalization of $18.61 billion, a PE ratio of 15.81 and a beta of 1.87. The company’s 50-day moving average price is $19.64 and its 200 day moving average price is $16.79.
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Separately, BidaskClub raised Vedanta Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
About Vedanta Limited
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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