Aigen Investment Management LP Has $2.08 Million Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Aigen Investment Management LP boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 253.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,861 shares of the mining company’s stock after purchasing an additional 30,745 shares during the quarter. Aigen Investment Management LP’s holdings in BHP Group were worth $2,080,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. WFA Asset Management Corp bought a new position in BHP Group during the 1st quarter valued at $26,000. Costello Asset Management INC bought a new position in BHP Group during the 1st quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in BHP Group during the 1st quarter valued at $27,000. Compagnie Lombard Odier SCmA bought a new position in BHP Group during the 1st quarter valued at $32,000. Finally, Vermillion Wealth Management Inc. bought a new position in BHP Group during the 4th quarter valued at $74,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 1.5%

Shares of BHP Group stock opened at $52.88 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The stock’s 50-day simple moving average is $50.33 and its 200 day simple moving average is $49.34. The stock has a market capitalization of $134.09 billion, a P/E ratio of 12.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Argus cut BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Berenberg Bank reiterated a “sell” rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Finally, BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, BHP Group has an average rating of “Hold” and an average target price of $48.50.

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.