GAMMA Investing LLC Has $90,000 Stake in BHP Group Limited (NYSE:BHP)

GAMMA Investing LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 46.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,553 shares of the mining company’s stock after selling 1,370 shares during the period. GAMMA Investing LLC’s holdings in BHP Group were worth $90,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in BHP Group during the 3rd quarter worth $1,091,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of BHP Group during the 3rd quarter worth $472,000. Envestnet Asset Management Inc. increased its position in shares of BHP Group by 15.3% in the third quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock worth $38,105,000 after purchasing an additional 88,907 shares during the period. FMR LLC raised its stake in BHP Group by 10.6% in the third quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock valued at $69,565,000 after purchasing an additional 117,239 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in BHP Group during the third quarter worth about $314,000. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BHP. Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $56.58 on Friday. The company’s 50 day moving average price is $58.05 and its two-hundred day moving average price is $59.97. The firm has a market capitalization of $143.31 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.67 and a beta of 1.00. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.