TLS Advisors LLC Reduces Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Key Points

• TLS Advisors LLC significantly reduced its stake in BHP Group Limited by selling 148,300 shares, bringing its ownership down to 27,660 shares, or 3.0% of its total holdings.
• Analysts have recently downgraded BHP Group, with several brokerages changing their ratings to "market perform" or "hold," while the average target price for the stock is now $48.50.
• As of the latest data, BHP Group's stock has a market capitalization of $134.09 billion and has experienced a price range between $39.73 and $63.21 in the past year.

TLS Advisors LLC reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 84.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,660 shares of the mining company's stock after selling 148,300 shares during the quarter. BHP Group comprises 3.0% of TLS Advisors LLC's holdings, making the stock its 9th largest holding. TLS Advisors LLC's holdings in BHP Group were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in BHP Group in the first quarter valued at approximately $26,000. WFA Asset Management Corp acquired a new position in shares of BHP Group during the 1st quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in BHP Group during the first quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new stake in BHP Group in the first quarter worth $32,000. Finally, Vermillion Wealth Management Inc. bought a new stake in BHP Group in the fourth quarter valued at $74,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Up 1.3%

NYSE:BHP traded up $0.69 during trading hours on Tuesday, hitting $54.00. 2,104,980 shares of the company traded hands, compared to its average volume of 2,988,742. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market cap of $136.93 billion, a PE ratio of 12.27 and a beta of 0.80. The firm's 50-day simple moving average is $50.41 and its 200-day simple moving average is $49.36.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BHP. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Berenberg Bank reissued a "sell" rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Finally, Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.50.

BHP Group Profile

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.