20,128 Shares in Vedanta Limited (VEDL) Purchased by Millennium Management LLC

Millennium Management LLC bought a new position in shares of Vedanta Limited (NYSE:VEDL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,128 shares of the basic materials company’s stock, valued at approximately $419,000.

Other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. grew its position in Vedanta by 121.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,550,962 shares of the basic materials company’s stock worth $32,307,000 after buying an additional 851,541 shares in the last quarter. Eagle Asset Management Inc. grew its position in Vedanta by 36.4% during the fourth quarter. Eagle Asset Management Inc. now owns 22,484 shares of the basic materials company’s stock worth $465,000 after buying an additional 6,002 shares in the last quarter. Alps Advisors Inc. purchased a new position in Vedanta during the fourth quarter worth about $1,081,000. Cornerstone Capital Management Holdings LLC. grew its position in Vedanta by 72.7% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 369,600 shares of the basic materials company’s stock worth $7,698,000 after buying an additional 155,600 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Vedanta by 73.1% during the fourth quarter. First Trust Advisors LP now owns 1,005,013 shares of the basic materials company’s stock worth $20,934,000 after buying an additional 424,313 shares in the last quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Vedanta opened at $16.57 on Friday, according to Marketbeat Ratings. Vedanta Limited has a 12-month low of $16.70 and a 12-month high of $17.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.82 and a quick ratio of 0.64. The stock has a market capitalization of $12.44 billion, a PE ratio of 10.24 and a beta of 1.89.

Vedanta (NYSE:VEDL) last posted its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $0.66 earnings per share (EPS) for the quarter. Vedanta had a return on equity of 24.61% and a net margin of 10.98%. The firm had revenue of $4.29 billion during the quarter.

A number of research firms have recently issued reports on VEDL. ValuEngine cut Vedanta from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. JPMorgan Chase upgraded Vedanta from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th.

Vedanta Profile

Vedanta Limited, a diversified natural resources company, engages in exploring, extracting, and processing minerals, and oil and gas in India. It produces oil and gas, zinc, lead, silver, copper, iron ore, and aluminum. The company also operates 600 megawatts of thermal coal based power facility in the State of Odisha; and 274 megawatts of wind power plants.

Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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