William Blair Investment Management LLC grew its holdings in Vedanta Ltd (NYSE:VEDL) by 38.0% during the 3rd quarter, Holdings Channel reports. The firm owned 736,298 shares of the basic materials company’s stock after acquiring an additional 202,602 shares during the quarter. William Blair Investment Management LLC’s holdings in Vedanta were worth $9,421,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Hsbc Holdings PLC grew its position in shares of Vedanta by 8.3% in the third quarter. Hsbc Holdings PLC now owns 3,557,209 shares of the basic materials company’s stock valued at $45,533,000 after purchasing an additional 272,323 shares during the last quarter. Renaissance Technologies LLC grew its position in Vedanta by 22.8% during the second quarter. Renaissance Technologies LLC now owns 2,934,360 shares of the basic materials company’s stock worth $39,907,000 after buying an additional 543,900 shares in the last quarter. First Trust Advisors LP grew its position in Vedanta by 23.0% during the second quarter. First Trust Advisors LP now owns 1,382,087 shares of the basic materials company’s stock worth $18,796,000 after buying an additional 258,589 shares in the last quarter. Aperio Group LLC grew its position in Vedanta by 42.8% during the third quarter. Aperio Group LLC now owns 681,598 shares of the basic materials company’s stock worth $8,724,000 after buying an additional 204,386 shares in the last quarter. Finally, Millennium Management LLC grew its position in Vedanta by 372.5% during the second quarter. Millennium Management LLC now owns 653,778 shares of the basic materials company’s stock worth $8,891,000 after buying an additional 515,424 shares in the last quarter. 4.56% of the stock is currently owned by institutional investors.

VEDL stock opened at $11.52 on Thursday. Vedanta Ltd has a twelve month low of $10.66 and a twelve month high of $21.99. The stock has a market cap of $8.54 billion, a P/E ratio of 7.84 and a beta of 2.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.77 and a current ratio of 0.98.

The company also recently announced a dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 13th were given a dividend of $0.909 per share. The ex-dividend date was Friday, November 9th.

VEDL has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on Vedanta in a research report on Tuesday, August 28th. They set a “buy” rating on the stock. ValuEngine raised Vedanta from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st.

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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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