State Street Corp lowered its position in Vedanta Limited (NYSE:VEDL) by 8.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,061,660 shares of the basic materials company’s stock after selling 100,584 shares during the period. State Street Corp’s holdings in Vedanta Limited were worth $18,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Vedanta Limited by 0.4% in the first quarter. Wells Fargo & Company MN now owns 48,903 shares of the basic materials company’s stock worth $840,000 after buying an additional 199 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Vedanta Limited by 1.2% in the first quarter. World Asset Management Inc now owns 46,184 shares of the basic materials company’s stock worth $793,000 after buying an additional 547 shares during the last quarter. Comerica Bank boosted its stake in shares of Vedanta Limited by 1.3% in the first quarter. Comerica Bank now owns 42,563 shares of the basic materials company’s stock worth $625,000 after buying an additional 552 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Vedanta Limited by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 30,189 shares of the basic materials company’s stock worth $518,000 after buying an additional 703 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Vedanta Limited by 18.8% in the first quarter. Eagle Asset Management Inc. now owns 12,828 shares of the basic materials company’s stock worth $220,000 after buying an additional 2,030 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Vedanta Limited (NYSE:VEDL) traded up 2.820% during trading on Wednesday, reaching $18.775. The company had a trading volume of 108,298 shares. The stock has a 50 day moving average of $17.01 and a 200-day moving average of $15.67. The company has a market capitalization of $17.43 billion, a P/E ratio of 14.807 and a beta of 1.88. Vedanta Limited has a 12 month low of $9.42 and a 12 month high of $18.87.

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A number of analysts have recently issued reports on the company. BidaskClub upgraded Vedanta Limited from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC cut Vedanta Limited from a “hold” rating to an “underperform” rating in a report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) cut Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently 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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