LSV Asset Management boosted its holdings in Vedanta Limited (NYSE:VEDL) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 515,457 shares of the basic materials company’s stock after purchasing an additional 7,900 shares during the period. LSV Asset Management owned about 0.06% of Vedanta Limited worth $7,999,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. boosted its holdings in 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 valued at $220,000 after purchasing an additional 2,030 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Vedanta Limited in the first quarter valued at about $295,000. Russell Investments Group Ltd. boosted its holdings in Vedanta Limited by 128.2% in the first quarter. Russell Investments Group Ltd. now owns 74,375 shares of the basic materials company’s stock valued at $1,277,000 after purchasing an additional 41,789 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Vedanta Limited by 32.5% in the first quarter. Van ECK Associates Corp now owns 865,917 shares of the basic materials company’s stock valued at $14,868,000 after purchasing an additional 212,444 shares during the last quarter. Finally, Group One Trading L.P. boosted its holdings in Vedanta Limited by 65.4% in the first quarter. Group One Trading L.P. now owns 7,762 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 3,068 shares during the last quarter. 3.89% of the stock is owned by hedge funds and other institutional investors.

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Vedanta Limited (VEDL) opened at 20.00 on Friday. The company has a 50-day moving average price of $19.03 and a 200-day moving average price of $16.36. The stock has a market cap of $18.57 billion, a P/E ratio of 15.72 and a beta of 1.88. Vedanta Limited has a one year low of $9.64 and a one year high of $20.92.

A number of brokerages recently commented on VEDL. BidaskClub downgraded Vedanta Limited from a “strong-buy” rating to a “buy” rating in a report on Friday. Jefferies Group LLC downgraded Vedanta Limited from a “hold” rating to an “underperform” rating in a 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 stock. The stock presently has an average rating of “Buy”.

Vedanta Limited 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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