Elequin Capital LP Sells 54,799 Shares of BHP Group Limited (NYSE:BHP)

Elequin Capital LP trimmed its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 98.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 900 shares of the mining company's stock after selling 54,799 shares during the period. Elequin Capital LP's holdings in BHP Group were worth $44,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BHP. Fisher Asset Management LLC raised its holdings in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Northern Trust Corp increased its position in BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares during the last quarter. Marshall Wace LLP increased its position in BHP Group by 16.9% in the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after purchasing an additional 102,433 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in BHP Group by 1,898.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in BHP Group by 9.7% during the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after purchasing an additional 57,097 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, BHP Group presently has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Trading Down 0.2%

BHP traded down $0.10 during trading on Tuesday, reaching $49.79. The company had a trading volume of 1,185,035 shares, compared to its average volume of 2,541,260. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The business has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $49.54. The stock has a market cap of $126.25 billion, a P/E ratio of 11.31 and a beta of 0.86. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.