Kornitzer Capital Management Inc. KS Acquires 33,019 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Kornitzer Capital Management Inc. KS increased its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,531 shares of the mining company's stock after acquiring an additional 33,019 shares during the period. Kornitzer Capital Management Inc. KS's holdings in BHP Group were worth $8,229,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BHP. SBI Securities Co. Ltd. grew its holdings in shares of BHP Group by 5.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 25,859 shares of the mining company's stock worth $1,255,000 after purchasing an additional 1,338 shares during the period. Apollon Wealth Management LLC lifted its position in shares of BHP Group by 9.0% during the first quarter. Apollon Wealth Management LLC now owns 11,570 shares of the mining company's stock worth $562,000 after purchasing an additional 955 shares during the last quarter. Kathmere Capital Management LLC increased its stake in BHP Group by 35.7% during the first quarter. Kathmere Capital Management LLC now owns 5,718 shares of the mining company's stock valued at $278,000 after purchasing an additional 1,503 shares during the last quarter. Burford Brothers Inc. boosted its position in BHP Group by 17.9% during the 1st quarter. Burford Brothers Inc. now owns 11,706 shares of the mining company's stock valued at $568,000 after purchasing an additional 1,780 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of BHP Group by 40.8% during the first quarter. Cerity Partners LLC now owns 100,921 shares of the mining company's stock worth $4,899,000 after buying an additional 29,258 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

NYSE:BHP traded up $0.59 during trading hours on Thursday, reaching $51.76. 2,311,528 shares of the company were exchanged, compared to its average volume of 2,980,844. The business has a 50 day moving average of $49.41 and a 200 day moving average of $48.96. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. 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 company has a market capitalization of $131.26 billion, a P/E ratio of 11.76 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BHP shares. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.