Bonness Enterprises Inc. Boosts Holdings in BT Group plc (BT)

Bonness Enterprises Inc. lifted its position in BT Group plc (NYSE:BT) by 91.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,800 shares of the utilities provider’s stock after purchasing an additional 44,300 shares during the quarter. Bonness Enterprises Inc.’s holdings in BT Group were worth $1,373,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of BT Group by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,746,659 shares of the utilities provider’s stock worth $26,549,000 after purchasing an additional 56,506 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of BT Group by 1,743.6% during the 3rd quarter. Standard Life Aberdeen plc now owns 884,913 shares of the utilities provider’s stock worth $13,075,000 after acquiring an additional 836,913 shares during the period. Jane Street Group LLC boosted its stake in shares of BT Group by 3,099.5% during the 4th quarter. Jane Street Group LLC now owns 791,435 shares of the utilities provider’s stock worth $12,030,000 after acquiring an additional 766,699 shares during the period. Morgan Stanley boosted its stake in shares of BT Group by 5.1% during the 3rd quarter. Morgan Stanley now owns 414,590 shares of the utilities provider’s stock worth $6,123,000 after acquiring an additional 20,158 shares during the period. Finally, FMR LLC boosted its stake in shares of BT Group by 1.1% during the 4th quarter. FMR LLC now owns 391,182 shares of the utilities provider’s stock worth $5,946,000 after acquiring an additional 4,276 shares during the period. Institutional investors own 0.95% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine downgraded BT Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. Zacks Investment Research downgraded BT Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upgraded BT Group from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 24th. Berenberg Bank cut BT Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Jefferies Financial Group assumed coverage on BT Group in a report on Thursday, March 21st. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of NYSE BT traded up $0.17 during trading on Friday, reaching $15.06. The company had a trading volume of 492,783 shares, compared to its average volume of 830,084. BT Group plc has a 12 month low of $13.53 and a 12 month high of $17.33. The firm has a market capitalization of $29.88 billion, a PE ratio of 8.14 and a beta of 0.59. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30.

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About BT Group

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Institutional Ownership by Quarter for BT Group (NYSE:BT)

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