Highbridge Capital Management LLC Invests $363,000 in BHP Billiton Limited (BHP)
Highbridge Capital Management LLC purchased a new position in shares of BHP Billiton Limited (NYSE:BHP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the mining company’s stock, valued at approximately $363,000.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in BHP Billiton Limited during the fourth quarter worth $4,063,000. State Street Corp boosted its stake in BHP Billiton Limited by 30.9% in the fourth quarter. State Street Corp now owns 121,280 shares of the mining company’s stock worth $4,339,000 after buying an additional 28,638 shares during the period. Norges Bank acquired a new stake in BHP Billiton Limited during the fourth quarter worth $18,675,000. Quadrant Capital Group LLC boosted its stake in BHP Billiton Limited by 330.8% in the first quarter. Quadrant Capital Group LLC now owns 10,714 shares of the mining company’s stock worth $381,000 after buying an additional 8,227 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in BHP Billiton Limited by 12.5% in the first quarter. Capstone Asset Management Co. now owns 124,132 shares of the mining company’s stock worth $4,508,000 after buying an additional 13,770 shares during the period. 2.95% of the stock is currently owned by institutional investors.
BHP Billiton Limited (NYSE:BHP) traded down 0.87% on Thursday, hitting $40.80. The company’s stock had a trading volume of 1,473,532 shares. BHP Billiton Limited has a 1-year low of $28.97 and a 1-year high of $41.79. The company’s market capitalization is $65.52 billion. The company has a 50 day moving average price of $37.31 and a 200-day moving average price of $37.36.
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BHP has been the topic of a number of recent analyst reports. HSBC Holdings plc raised BHP Billiton Limited from a “hold” rating to a “buy” rating and cut their price target for the company from $41.79 to $25.75 in a report on Wednesday, April 19th. Zacks Investment Research cut BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) cut BHP Billiton Limited from a “neutral” rating to a “sell” rating in a report on Tuesday, April 25th. Citigroup Inc. raised BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC cut BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.24.
BHP Billiton Limited Company 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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