Royal Bank of Canada lifted its holdings in Vedanta Limited (NYSE:VEDL) by 10,606.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,424 shares of the basic materials company’s stock after buying an additional 6,364 shares during the quarter. Royal Bank of Canada’s holdings in Vedanta were worth $100,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. bought a new position in shares of Vedanta in the 2nd quarter worth about $120,000. SG Americas Securities LLC lifted its position in shares of Vedanta by 22.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,959 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Vedanta by 11.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 14,313 shares of the basic materials company’s stock worth $222,000 after buying an additional 1,485 shares during the last quarter. Profund Advisors LLC bought a new position in shares of Vedanta in the 2nd quarter worth about $245,000. Finally, Capstone Asset Management Co. bought a new position in shares of Vedanta in the 2nd quarter worth about $292,000. Institutional investors own 4.30% of the company’s stock.

Vedanta Limited (VEDL) traded down $0.47 during trading on Thursday, hitting $18.35. 364,400 shares of the stock were exchanged, compared to its average volume of 417,694. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 0.94. Vedanta Limited has a one year low of $12.36 and a one year high of $21.63. The company has a market cap of $13,948.89, a P/E ratio of 14.48 and a beta of 1.89.

Separately, BidaskClub downgraded shares of Vedanta from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th.

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Vedanta 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.

Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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