Schroder Investment Management Group lessened its holdings in Vedanta Limited (NYSE:VEDL) by 31.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,350 shares of the basic materials company’s stock after selling 21,790 shares during the quarter. Schroder Investment Management Group’s holdings in Vedanta were worth $927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mondrian Investment Partners LTD boosted its holdings in shares of Vedanta by 29.9% during the third quarter. Mondrian Investment Partners LTD now owns 2,696,334 shares of the basic materials company’s stock valued at $52,201,000 after acquiring an additional 620,414 shares during the period. State Street Corp boosted its holdings in shares of Vedanta by 40.2% during the second quarter. State Street Corp now owns 1,488,830 shares of the basic materials company’s stock valued at $23,105,000 after acquiring an additional 427,170 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Vedanta by 31.6% during the second quarter. Renaissance Technologies LLC now owns 1,307,900 shares of the basic materials company’s stock valued at $20,299,000 after acquiring an additional 314,100 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Vedanta by 10.2% during the second quarter. Prudential Financial Inc. now owns 1,116,373 shares of the basic materials company’s stock valued at $17,326,000 after acquiring an additional 103,114 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Vedanta by 10.9% during the second quarter. Alliancebernstein L.P. now owns 766,601 shares of the basic materials company’s stock valued at $11,898,000 after acquiring an additional 75,510 shares during the period. 4.30% of the stock is owned by institutional investors.

Shares of Vedanta Limited (VEDL) traded up $0.82 during midday trading on Friday, hitting $18.77. 1,113,383 shares of the company were exchanged, compared to its average volume of 390,129. Vedanta Limited has a fifty-two week low of $12.36 and a fifty-two week high of $21.63. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13,304.07, a PE ratio of 13.81 and a beta of 1.83.

Separately, BidaskClub cut shares of Vedanta from a “strong-buy” rating to a “buy” rating in a research note 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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