Wells Fargo & Company MN boosted its stake in shares of Vedanta Ltd (NYSE:VEDL) by 42.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 679,197 shares of the basic materials company’s stock after acquiring an additional 202,084 shares during the period. Wells Fargo & Company MN owned about 0.09% of Vedanta worth $13,149,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Winslow Evans & Crocker Inc. acquired a new stake in shares of Vedanta in the third quarter valued at about $110,000. Royal Bank of Canada raised its position in shares of Vedanta by 10,606.7% in the second quarter. Royal Bank of Canada now owns 6,424 shares of the basic materials company’s stock valued at $100,000 after buying an additional 6,364 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Vedanta in the second quarter valued at about $120,000. SG Americas Securities LLC raised its position in shares of Vedanta by 22.6% in the second quarter. SG Americas Securities LLC now owns 10,613 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,959 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Vedanta by 560.0% in the third quarter. Advisors Asset Management Inc. now owns 11,576 shares of the basic materials company’s stock valued at $224,000 after buying an additional 9,822 shares during the last quarter. Institutional investors own 4.30% of the company’s stock.

Separately, BidaskClub cut shares of Vedanta from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd.

Shares of Vedanta Ltd (NYSE VEDL) opened at $20.02 on Friday. The company has a market cap of $14,882.77, a PE ratio of 15.89 and a beta of 1.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.75. Vedanta Ltd has a 12-month low of $12.36 and a 12-month high of $21.63.

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Vedanta Company Profile

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.

Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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