Capstone Asset Management Co. bought a new stake in Vedanta Limited (NYSE:VEDL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,830 shares of the basic materials company’s stock, valued at approximately $292,000.
A number of other large investors have also bought and sold shares of the company. Group One Trading L.P. boosted its stake in shares of 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 worth $133,000 after buying an additional 3,068 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vedanta Limited during the first quarter worth $149,000. Eagle Asset Management Inc. boosted its stake in shares of 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 worth $220,000 after buying an additional 2,030 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Vedanta Limited during the fourth quarter worth $160,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of Vedanta Limited during the first quarter worth $249,000. 3.79% of the stock is owned by institutional investors.
Shares of Vedanta Limited (NYSE VEDL) traded down 0.49% during trading on Tuesday, reaching $18.23. The company had a trading volume of 72,246 shares. Vedanta Limited has a 52-week low of $9.42 and a 52-week high of $18.86. The stock has a 50 day moving average of $16.91 and a 200 day moving average of $15.65. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 14.38 and a beta of 1.88.
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A number of research firms recently issued reports on VEDL. BidaskClub upgraded Vedanta Limited from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC lowered Vedanta Limited from a “hold” rating to an “underperform” rating in a report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) lowered Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy”.
About Vedanta Limited
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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