Zurcher Kantonalbank Zurich Cantonalbank Sells 21,620 Shares of Vedanta Ltd (VEDL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Vedanta Ltd (NYSE:VEDL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 353,932 shares of the basic materials company’s stock after selling 21,620 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vedanta were worth $4,530,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VEDL. First Mercantile Trust Co. bought a new position in shares of Vedanta in the 3rd quarter worth $127,000. US Bancorp DE boosted its position in shares of Vedanta by 150.3% in the 3rd quarter. US Bancorp DE now owns 12,711 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 7,633 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Vedanta during the 2nd quarter worth $205,000. Commonwealth Equity Services LLC acquired a new stake in Vedanta during the 2nd quarter worth $213,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Vedanta during the 3rd quarter worth $256,000. Institutional investors and hedge funds own 4.71% of the company’s stock.

Several brokerages recently commented on VEDL. ValuEngine raised Vedanta from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Goldman Sachs Group began coverage on Vedanta in a research note on Tuesday, August 28th. They set a “buy” rating on the stock.

Shares of Vedanta stock opened at $11.15 on Friday. The firm has a market cap of $8.43 billion, a P/E ratio of 7.74 and a beta of 2.04. Vedanta Ltd has a 12 month low of $10.66 and a 12 month high of $21.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.77 and a current ratio of 0.98.

The firm also recently disclosed a dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 13th were paid a dividend of $0.909 per share. The ex-dividend date of this dividend was Friday, November 9th.

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Vedanta Profile

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.

See Also: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Vedanta (NYSE:VEDL)

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