Versant Capital Management Inc increased its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 1,329.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,794 shares of the mining company's stock after purchasing an additional 10,969 shares during the quarter. Versant Capital Management Inc's holdings in BHP Group were worth $572,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of BHP Group during the 4th quarter worth about $29,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group during the 4th quarter worth about $46,000. Allianz SE acquired a new position in BHP Group in the 4th quarter valued at about $51,000. Headlands Technologies LLC purchased a new position in shares of BHP Group in the 4th quarter valued at about $53,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group in the 4th quarter valued at about $54,000. 3.79% of the stock is owned by institutional investors and hedge funds.
BHP Group Trading Down 1.7%
Shares of BHP stock traded down $0.82 during trading hours on Tuesday, hitting $48.61. 1,482,269 shares of the company were exchanged, compared to its average volume of 2,541,134. The firm has a market cap of $123.26 billion, a PE ratio of 11.05 and a beta of 0.86. BHP Group Limited has a 1 year low of $39.73 and a 1 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 firm has a fifty day moving average of $47.70 and a 200 day moving average of $49.43.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BHP shares. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Wall Street Zen lowered BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, BHP Group currently has an average rating of "Buy" and an average price target of $53.00.
Get Our Latest Analysis on BHP
BHP Group Profile
(
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.
See Also
Before you consider BHP Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BHP Group wasn't on the list.
While BHP Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
