BT Group PLC (NYSE:BT) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 184,917 shares, a decline of 64.5% from the September 15th total of 521,510 shares. Based on an average daily volume of 473,404 shares, the short-interest ratio is currently 0.4 days.

Several large investors have recently modified their holdings of BT. Goldman Sachs Group Inc. increased its position in BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock valued at $17,609,000 after buying an additional 23,383 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new position in BT Group PLC during the second quarter valued at approximately $214,000. Envestnet Asset Management Inc. increased its position in BT Group PLC by 32.8% in the first quarter. Envestnet Asset Management Inc. now owns 323,668 shares of the company’s stock valued at $10,383,000 after buying an additional 79,870 shares during the last quarter. Capital Fund Management S.A. increased its position in BT Group PLC by 577.8% in the second quarter. Capital Fund Management S.A. now owns 48,800 shares of the company’s stock valued at $1,359,000 after buying an additional 41,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock valued at $124,207,000 after buying an additional 165,101 shares during the last quarter. Hedge funds and other institutional investors own 1.17% of the company’s stock.

A number of equities analysts have commented on BT shares. Citigroup Inc. raised BT Group PLC from a “neutral” rating to a “buy” rating in a research note on Monday, June 27th. Haitong Bank reaffirmed a “buy” rating and issued a GBX 600 ($7.31) price target on shares of BT Group PLC in a research note on Thursday, July 14th. Zacks Investment Research raised BT Group PLC from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Monday, July 18th. Finally, HSBC reaffirmed a “buy” rating and issued a GBX 480 ($5.85) price target on shares of BT Group PLC in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. BT Group PLC presently has a consensus rating of “Hold” and an average target price of $449.50.

BT Group PLC (NYSE:BT) opened at 23.85 on Wednesday. The stock’s 50 day moving average price is $25.01 and its 200-day moving average price is $28.34. BT Group PLC has a one year low of $22.49 and a one year high of $37.69. The company has a market capitalization of $47.38 billion, a P/E ratio of 12.82 and a beta of 1.14.

About BT Group PLC

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