Choreo LLC increased its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 16.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 34,319 shares of the mining company's stock after purchasing an additional 4,755 shares during the period. Choreo LLC's holdings in BHP Group were worth $1,666,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in BHP Group in the first quarter valued at about $467,000. Hartford Funds Management Co LLC raised its holdings in shares of BHP Group by 16.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 13,305 shares of the mining company's stock worth $646,000 after buying an additional 1,914 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of BHP Group during the 1st quarter worth approximately $1,233,000. Gallacher Capital Management LLC boosted its stake in BHP Group by 8.6% in the 1st quarter. Gallacher Capital Management LLC now owns 9,034 shares of the mining company's stock valued at $438,000 after buying an additional 713 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in BHP Group by 36.5% in the first quarter. Lindbrook Capital LLC now owns 3,807 shares of the mining company's stock valued at $185,000 after acquiring an additional 1,018 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Berenberg Bank restated a "sell" rating and issued a $44.00 target price on shares of BHP Group in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BHP Group currently has a consensus rating of "Hold" and a consensus price target of $48.50.
Check Out Our Latest Stock Report on BHP
BHP Group Price Performance
Shares of NYSE:BHP traded down $0.91 during trading on Friday, reaching $53.17. The company had a trading volume of 3,186,639 shares, compared to its average volume of 3,558,894. The stock has a market capitalization of $134.83 billion, a P/E ratio of 12.08 and a beta of 0.80. 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 company has a fifty day moving average of $49.92 and a two-hundred day moving average of $49.19. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21.
BHP Group Company Profile
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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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