Quantbot Technologies LP Buys 6,519 Shares of BHP Group Limited (NYSE:BHP)

Quantbot Technologies LP grew its holdings in BHP Group Limited (NYSE:BHP) by 32.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,581 shares of the mining company’s stock after acquiring an additional 6,519 shares during the quarter. Quantbot Technologies LP’s holdings in BHP Group were worth $1,651,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BHP. Asset Dedication LLC increased its holdings in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after acquiring an additional 451 shares in the last quarter. Eastern Bank bought a new stake in shares of BHP Group in the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BHP Group in the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group in the second quarter worth about $27,000. Finally, Sound Income Strategies LLC boosted its position in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BHP shares. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Trading Up 1.6 %

Shares of NYSE BHP opened at $52.65 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The business’s 50 day moving average is $56.28 and its 200-day moving average is $56.21.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.