Acadian Asset Management LLC Purchases Shares of 5,613 Vedanta Ltd (VEDL)

Acadian Asset Management LLC purchased a new position in Vedanta Ltd (NYSE:VEDL) in the 4th quarter, Holdings Channel reports. The fund purchased 5,613 shares of the basic materials company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VEDL. Thomas White International Ltd. purchased a new position in shares of Vedanta in the 3rd quarter worth about $4,926,000. Hsbc Holdings PLC increased its holdings in Vedanta by 8.3% in the 3rd quarter. Hsbc Holdings PLC now owns 3,557,209 shares of the basic materials company’s stock worth $45,533,000 after buying an additional 272,323 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Vedanta in the 3rd quarter worth about $3,321,000. Allianz Asset Management GmbH bought a new stake in Vedanta in the 3rd quarter worth about $2,768,000. Finally, William Blair Investment Management LLC increased its holdings in Vedanta by 38.0% in the 3rd quarter. William Blair Investment Management LLC now owns 736,298 shares of the basic materials company’s stock worth $9,421,000 after buying an additional 202,602 shares in the last quarter. 4.54% of the stock is owned by hedge funds and other institutional investors.

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Several research firms recently commented on VEDL. Goldman Sachs Group downgraded Vedanta from a “buy” rating to a “neutral” rating in a report on Friday, February 1st. CLSA downgraded Vedanta from a “buy” rating to a “sell” rating in a report on Friday, February 1st. Finally, Bank of America downgraded Vedanta from a “buy” rating to a “neutral” rating in a report on Friday, February 1st.

NYSE VEDL opened at $9.96 on Friday. Vedanta Ltd has a one year low of $8.34 and a one year high of $19.55. The stock has a market capitalization of $7.52 billion, a P/E ratio of 7.51 and a beta of 1.51. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 0.47.

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About Vedanta

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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