Summit Global Investments trimmed its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 80.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,881 shares of the mining company's stock after selling 69,466 shares during the period. Summit Global Investments' holdings in BHP Group were worth $819,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BHP. Sierra Ocean LLC acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $29,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group in the 4th quarter valued at $46,000. Allianz SE bought a new position in shares of BHP Group in the 4th quarter valued at $51,000. Headlands Technologies LLC acquired a new position in shares of BHP Group during the 4th quarter worth $53,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group during the 4th quarter worth $54,000. 3.79% of the stock is owned by institutional investors.
BHP Group Price Performance
BHP stock traded up $0.62 during midday trading on Wednesday, reaching $49.22. 996,001 shares of the stock were exchanged, compared to its average volume of 2,542,811. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a fifty day moving average price of $47.68 and a 200 day moving average price of $49.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a market capitalization of $124.81 billion, a PE ratio of 11.19 and a beta of 0.86.
Wall Street Analyst Weigh In
A number of research firms have issued reports on BHP. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Wall Street Zen cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $53.00.
View Our Latest Research Report on BHP Group
About BHP Group
(
Free Report)
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.
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