BHP Group Limited Sponsored ADR $BHP Shares Sold by MQS Management LLC

MQS Management LLC trimmed its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 43.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,771 shares of the mining company’s stock after selling 11,541 shares during the period. BHP Group makes up approximately 0.7% of MQS Management LLC’s portfolio, making the stock its 4th biggest position. MQS Management LLC’s holdings in BHP Group were worth $1,074,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BHP. Paradigm Asset Management Co. LLC acquired a new position in BHP Group during the third quarter worth $1,345,000. Abbington Investment Group lifted its stake in shares of BHP Group by 45.6% in the fourth quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock valued at $4,183,000 after buying an additional 21,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of BHP Group by 1,769.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after buying an additional 439,304 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of BHP Group by 442.2% during the fourth quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock valued at $8,637,000 after buying an additional 116,681 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of BHP Group by 18.3% during the third quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock worth $51,307,000 after acquiring an additional 142,060 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of analyst reports. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Bank of America cut their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus price target of $69.50.

BHP Group Stock Performance

BHP Group stock opened at $83.36 on Wednesday. BHP Group Limited Sponsored ADR has a 52 week low of $48.05 and a 52 week high of $93.83. The company’s 50 day moving average price is $84.87 and its two-hundred day moving average price is $75.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.