LSV Asset Management Has $7,569,000 Position in Vedanta Ltd (VEDL)

LSV Asset Management cut its position in Vedanta Ltd (NASDAQ:VEDL) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,361,409 shares of the company’s stock after selling 30,720 shares during the period. LSV Asset Management’s holdings in Vedanta were worth $7,569,000 as of its most recent filing with the SEC.

Separately, First Trust Advisors LP boosted its stake in Vedanta by 91.9% in the fourth quarter. First Trust Advisors LP now owns 917,985 shares of the company’s stock valued at $5,104,000 after buying an additional 439,719 shares during the period.

Vedanta Ltd (NASDAQ:VEDL) opened at 5.58 on Friday. The stock’s market capitalization is $4.14 billion. The firm’s 50 day moving average is $4.53 and its 200 day moving average is $5.27. Vedanta Ltd has a 1-year low of $3.52 and a 1-year high of $14.43.

VEDL has been the subject of several research reports. Jefferies Group lowered shares of Vedanta from a “buy” rating to a “hold” rating in a research report on Wednesday, January 13th. Zacks Investment Research lowered Vedanta from a “buy” rating to a “hold” rating in a research note on Monday, December 14th.

Vedanta Limited, formerly Sesa Sterlite Ltd., is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The Company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.