Northern Trust Corp grew its stake in shares of Vedanta Ltd (NYSE:VEDL) by 28.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 557,532 shares of the basic materials company’s stock after buying an additional 125,109 shares during the quarter. Northern Trust Corp owned about 0.08% of Vedanta worth $6,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VEDL. Boston Advisors LLC raised its holdings in shares of Vedanta by 8.0% in the 4th quarter. Boston Advisors LLC now owns 35,233 shares of the basic materials company’s stock worth $407,000 after purchasing an additional 2,622 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Vedanta during the fourth quarter valued at approximately $33,000. Citigroup Inc. grew its position in Vedanta by 1,667.9% during the fourth quarter. Citigroup Inc. now owns 4,296 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 4,053 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Vedanta during the fourth quarter valued at approximately $65,000. Finally, Rehmann Capital Advisory Group grew its position in Vedanta by 1,316.7% during the third quarter. Rehmann Capital Advisory Group now owns 10,073 shares of the basic materials company’s stock valued at $787,000 after purchasing an additional 9,362 shares in the last quarter. Institutional investors own 3.62% of the company’s stock.

A number of research analysts recently commented on the stock. Goldman Sachs Group downgraded shares of Vedanta from a “buy” rating to a “neutral” rating in a research report on Friday, February 1st. CLSA downgraded shares of Vedanta from a “buy” rating to a “sell” rating in a research report on Friday, February 1st. Bank of America downgraded shares of Vedanta from a “buy” rating to a “neutral” rating in a research report on Friday, February 1st. Finally, HSBC downgraded shares of Vedanta from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold”.

Shares of VEDL opened at $10.71 on Thursday. Vedanta Ltd has a 52 week low of $8.34 and a 52 week high of $19.05. The company has a market cap of $9.82 billion, a P/E ratio of 7.83 and a beta of 1.52. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 0.47.

Vedanta (NYSE:VEDL) last announced its quarterly earnings data on Thursday, January 31st. The basic materials company reported $0.24 EPS for the quarter. Vedanta had a net margin of 9.59% and a return on equity of 20.98%. The firm had revenue of $3.29 billion for the quarter.

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Vedanta Profile

Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.

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Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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