Breakwater Capital Group Sells 1,989 Shares of BHP Group Limited (NYSE:BHP)

Breakwater Capital Group decreased its stake in shares of BHP Group Limited (NYSE:BHP) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,957 shares of the mining company’s stock after selling 1,989 shares during the period. Breakwater Capital Group’s holdings in BHP Group were worth $241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its stake in BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. Northern Trust Corp grew its position in shares of BHP Group by 58.5% in the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after buying an additional 846,963 shares during the period. Marshall Wace LLP increased its stake in shares of BHP Group by 16.9% in the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company’s stock worth $34,669,000 after acquiring an additional 102,433 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock worth $34,543,000 after acquiring an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in BHP Group by 9.7% during the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock valued at $31,386,000 after acquiring an additional 57,097 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BHP. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Sanford C. Bernstein downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $49.57 on Friday. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21. The firm’s 50-day moving average is $47.73 and its 200 day moving average is $49.38. The stock has a market cap of $125.70 billion, a price-to-earnings ratio of 11.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

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