Y Intercept Hong Kong Ltd Lowers Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Y Intercept Hong Kong Ltd lowered its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 96.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,043 shares of the mining company’s stock after selling 312,373 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BHP Group were worth $949,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Bayban bought a new stake in BHP Group during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of BHP Group in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its position in shares of BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $81.69 on Monday. The stock has a 50 day moving average of $85.28 and a 200 day moving average of $76.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group Limited Sponsored ADR has a 12 month low of $49.68 and a 12 month high of $93.83.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of research analyst reports. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.50.

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.