BHP Group Limited (NYSE:BHP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 8,705.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,717 shares of the mining company's stock after purchasing an additional 139,119 shares during the period. GAMMA Investing LLC's holdings in BHP Group were worth $6,830,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after acquiring an additional 846,963 shares during the period. Balyasny Asset Management L.P. lifted its position in BHP Group by 1,898.9% in 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of BHP Group during the 4th quarter valued at approximately $25,878,000. Norges Bank acquired a new stake in shares of BHP Group during the 4th quarter valued at approximately $20,574,000. Finally, Fisher Asset Management LLC lifted its position 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 valued at $1,085,253,000 after acquiring an additional 280,258 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Down 2.6%

Shares of BHP traded down $1.31 during mid-day trading on Friday, reaching $48.50. The company had a trading volume of 2,710,905 shares, compared to its average volume of 2,553,956. The stock has a market cap of $122.98 billion, a price-to-earnings ratio of 11.02 and a beta of 0.82. The firm has a fifty day simple moving average of $48.18 and a 200-day simple moving average of $49.33. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BHP shares. 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. Wall Street Zen lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.00.

About BHP Group

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.