Assenagon Asset Management S.A. bought a new position in Vedanta Ltd (NYSE:VEDL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,111 shares of the basic materials company’s stock, valued at approximately $118,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of VEDL. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Vedanta by 54.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,947 shares of the basic materials company’s stock worth $28,000 after buying an additional 2,785 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vedanta by 14.7% during the fourth quarter. Geode Capital Management LLC now owns 42,657 shares of the basic materials company’s stock worth $368,000 after buying an additional 5,466 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vedanta by 47.5% during the first quarter. PNC Financial Services Group Inc. now owns 18,719 shares of the basic materials company’s stock worth $67,000 after buying an additional 6,028 shares during the last quarter. Marks Group Wealth Management Inc acquired a new position in shares of Vedanta during the first quarter worth approximately $37,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Vedanta by 23.6% during the first quarter. Envestnet Asset Management Inc. now owns 59,869 shares of the basic materials company’s stock worth $213,000 after buying an additional 11,441 shares during the last quarter. Hedge funds and other institutional investors own 4.15% of the company’s stock.
Shares of NYSE VEDL opened at $6.02 on Friday. The business has a fifty day simple moving average of $5.75 and a 200 day simple moving average of $5.74. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of -6.21 and a beta of 1.79. Vedanta Ltd has a one year low of $3.24 and a one year high of $9.41.
Vedanta (NYSE:VEDL) last issued its earnings results on Saturday, June 6th. The basic materials company reported ($0.29) EPS for the quarter. The firm had revenue of $2.69 billion during the quarter. Vedanta had a negative net margin of 7.01% and a positive return on equity of 8.84%.
Separately, JPMorgan Chase & Co. lowered Vedanta from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 5th.
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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