NTV Asset Management LLC Takes Position in BHP Billiton Limited (BHP)

NTV Asset Management LLC acquired a new stake in BHP Billiton Limited (NYSE:BHP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,800 shares of the mining company’s stock, valued at approximately $879,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of BHP Billiton Limited by 8.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,843 shares of the mining company’s stock valued at $1,454,000 after acquiring an additional 3,351 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of BHP Billiton Limited in the second quarter valued at about $4,230,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of BHP Billiton Limited by 50.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,049 shares of the mining company’s stock valued at $1,461,000 after acquiring an additional 13,791 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of BHP Billiton Limited in the second quarter valued at about $2,134,000. Finally, GAM Holding AG purchased a new position in shares of BHP Billiton Limited in the second quarter valued at about $1,566,000. Hedge funds and other institutional investors own 2.84% of the company’s stock.

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Several brokerages recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company set a $43.00 price target on shares of BHP Billiton Limited and gave the company a “hold” rating in a research report on Thursday, August 24th. BidaskClub cut shares of BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Exane BNP Paribas cut shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.52.

Shares of BHP Billiton Limited (BHP) traded down $0.08 on Tuesday, reaching $42.70. 2,134,300 shares of the company’s stock were exchanged, compared to its average volume of 2,755,759. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85. BHP Billiton Limited has a twelve month low of $33.37 and a twelve month high of $44.62.

BHP Billiton Limited Profile

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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Institutional Ownership by Quarter for BHP Billiton Limited (NYSE:BHP)

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