Bronfman E.L. Rothschild L.P. boosted its stake in BHP Group Ltd (NYSE:BHP) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,589 shares of the mining company’s stock after purchasing an additional 223 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in BHP Group were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Belpointe Asset Management LLC boosted its position in shares of BHP Group by 62.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 8,712 shares of the mining company’s stock valued at $434,000 after acquiring an additional 3,338 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of BHP Group during the 3rd quarter valued at about $12,445,000. Athos Capital Ltd purchased a new position in shares of BHP Group during the 3rd quarter valued at about $2,105,000. Quadrant Capital Group LLC raised its holdings in shares of BHP Group by 114.5% during the 4th quarter. Quadrant Capital Group LLC now owns 21,588 shares of the mining company’s stock valued at $1,028,000 after buying an additional 11,526 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in shares of BHP Group by 21.7% during the 4th quarter. Berkeley Capital Partners LLC now owns 15,657 shares of the mining company’s stock valued at $756,000 after buying an additional 2,794 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.
Shares of NYSE BHP traded down $0.81 during mid-day trading on Monday, hitting $56.02. 1,218,081 shares of the stock traded hands, compared to its average volume of 2,226,744. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. BHP Group Ltd has a 52 week low of $43.19 and a 52 week high of $57.25. The firm has a market capitalization of $91.27 billion, a PE ratio of 16.67, a P/E/G ratio of 2.84 and a beta of 0.80.
A number of brokerages have commented on BHP. Deutsche Bank cut BHP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. CLSA cut BHP Group from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 7th. Macquarie reissued a “buy” rating on shares of BHP Group in a research note on Tuesday, March 26th. Goldman Sachs Group cut BHP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Finally, Zacks Investment Research raised BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. BHP Group has a consensus rating of “Hold” and an average target price of $55.40.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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