Y Intercept Hong Kong Ltd Buys 231,845 Shares of BHP Group Limited Sponsored ADR $BHP

Y Intercept Hong Kong Ltd lifted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 247.8% during the 4th quarter, HoldingsChannel reports. The fund owned 325,416 shares of the mining company’s stock after acquiring an additional 231,845 shares during the quarter. BHP Group accounts for approximately 0.4% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 18th largest position. Y Intercept Hong Kong Ltd’s holdings in BHP Group were worth $19,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BHP. Parallel Advisors LLC increased its stake in shares of BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after purchasing an additional 150 shares during the last quarter. Bailard Inc. increased its stake in shares of BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after purchasing an additional 174 shares during the last quarter. Addison Advisors LLC increased its stake in shares of BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after purchasing an additional 181 shares during the last quarter. Naviter Wealth LLC raised its stake in BHP Group by 0.4% in the 3rd quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after acquiring an additional 191 shares during the period. Finally, Abel Hall LLC lifted its holdings in BHP Group by 2.9% during the third quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock valued at $416,000 after purchasing an additional 209 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP stock opened at $90.90 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The company’s 50 day moving average is $82.72 and its 200 day moving average is $72.43. BHP Group Limited Sponsored ADR has a 1-year low of $45.74 and a 1-year high of $93.70.

Analyst Upgrades and Downgrades

Several research firms have commented on BHP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Bank of America downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday. Finally, Sanford C. Bernstein dropped their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Profile

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.