Tidal Investments LLC decreased its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,898 shares of the mining company's stock after selling 12,557 shares during the period. Tidal Investments LLC's holdings in BHP Group were worth $6,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of BHP Group during the 4th quarter valued at $29,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group during the 4th quarter valued at $46,000. Allianz SE bought a new stake in shares of BHP Group during the 4th quarter valued at $51,000. Headlands Technologies LLC bought a new stake in shares of BHP Group during the 4th quarter valued at $53,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group during the 4th quarter valued at $54,000. Institutional investors own 3.79% of the company's stock.
BHP Group Price Performance
BHP Group stock traded up $0.74 during mid-day trading on Friday, hitting $49.89. The stock had a trading volume of 1,973,060 shares, compared to its average volume of 2,546,495. The firm's 50 day moving average is $47.72 and its 200 day moving average is $49.63. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $126.52 billion, a P/E ratio of 11.34 and a beta of 0.86. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BHP. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $53.00.
Get Our Latest Stock Analysis on BHP Group
About BHP Group
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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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