Alps Advisors Inc. lifted its holdings in Vedanta Ltd (NYSE:VEDL) by 12.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 87,151 shares of the basic materials company’s stock after purchasing an additional 9,958 shares during the period. Alps Advisors Inc.’s holdings in Vedanta were worth $756,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Unigestion Holding SA purchased a new stake in Vedanta during the third quarter valued at approximately $2,194,000. Mondrian Investment Partners LTD lifted its position in Vedanta by 7.2% during the third quarter. Mondrian Investment Partners LTD now owns 2,966,143 shares of the basic materials company’s stock valued at $25,746,000 after acquiring an additional 200,122 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Vedanta by 105.8% during the third quarter. Russell Investments Group Ltd. now owns 389,624 shares of the basic materials company’s stock valued at $3,384,000 after acquiring an additional 200,260 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Vedanta during the third quarter valued at approximately $2,367,000. Finally, Lindbrook Capital LLC lifted its position in Vedanta by 242.2% during the third quarter. Lindbrook Capital LLC now owns 4,658 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,297 shares during the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.
NYSE:VEDL traded up $0.40 during midday trading on Wednesday, reaching $8.10. 622,580 shares of the stock traded hands, compared to its average volume of 579,037. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.79. Vedanta Ltd has a 12-month low of $7.04 and a 12-month high of $11.84. The stock has a market capitalization of $7.53 billion, a PE ratio of 7.39 and a beta of 1.34. The business has a 50-day moving average of $8.35 and a two-hundred day moving average of $8.76.
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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