UBS Group AG lowered its position in shares of Vedanta Limited (NYSE:VEDL) by 26.5% during the first quarter, Holdings Channel reports. The fund owned 9,269 shares of the basic materials company’s stock after selling 3,347 shares during the period. UBS Group AG’s holdings in Vedanta Limited were worth $159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc raised its position in 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 raised its position in 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. BNP Paribas Arbitrage SA raised its position in Vedanta Limited by 254.1% in the first quarter. BNP Paribas Arbitrage SA now owns 205,033 shares of the basic materials company’s stock worth $3,520,000 after buying an additional 147,130 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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, First Trust Advisors LP raised its position in Vedanta Limited by 33.1% in the first quarter. First Trust Advisors LP now owns 291,035 shares of the basic materials company’s stock worth $4,997,000 after buying an additional 72,339 shares during the last quarter. 3.64% of the stock is currently owned by institutional investors.

Vedanta Limited (VEDL) traded down 0.32% on Thursday, hitting $18.73. 129,619 shares of the company were exchanged. The stock has a market capitalization of $17.39 billion, a P/E ratio of 14.77 and a beta of 1.88. The company has a 50 day moving average price of $16.60 and a 200-day moving average price of $15.57. Vedanta Limited has a 52 week low of $9.42 and a 52 week high of $18.86.

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A number of research firms recently weighed in on VEDL. BidaskClub raised shares of Vedanta Limited from a “hold” rating to a “buy” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) lowered shares of Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC lowered shares of Vedanta Limited from a “hold” rating to an “underperform” rating in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vedanta Limited 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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