Corient Capital Partners LLC boosted its stake in shares of Vedanta Ltd (NYSE:VEDL) by 56.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,883 shares of the basic materials company’s stock after acquiring an additional 5,705 shares during the period. Corient Capital Partners LLC’s holdings in Vedanta were worth $138,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Vedanta by 34.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,872,476 shares of the basic materials company’s stock worth $19,043,000 after buying an additional 482,731 shares in the last quarter. Morgan Stanley grew its stake in shares of Vedanta by 548.0% in the 2nd quarter. Morgan Stanley now owns 485,209 shares of the basic materials company’s stock worth $4,935,000 after buying an additional 410,329 shares in the last quarter. Aperio Group LLC grew its stake in shares of Vedanta by 37.8% in the 2nd quarter. Aperio Group LLC now owns 1,325,074 shares of the basic materials company’s stock worth $13,476,000 after buying an additional 363,258 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Vedanta by 39.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,126,236 shares of the basic materials company’s stock worth $11,454,000 after buying an additional 317,125 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Vedanta in the 3rd quarter worth $2,367,000. 3.75% of the stock is owned by institutional investors.
Shares of NYSE:VEDL opened at $8.06 on Monday. Vedanta Ltd has a 52 week low of $7.04 and a 52 week high of $11.84. The stock has a market capitalization of $7.54 billion, a P/E ratio of 7.44 and a beta of 1.33. The firm has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $8.88. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.
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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