Harbour Capital Advisors LLC Invests $859,000 in BHP Group Limited Sponsored ADR $BHP

Harbour Capital Advisors LLC acquired a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the third quarter, HoldingsChannel.com reports. The fund acquired 15,555 shares of the mining company’s stock, valued at approximately $859,000.

Several other large investors have also added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC increased its stake in BHP Group by 3.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock valued at $266,000 after buying an additional 184 shares during the last quarter. TT Capital Management LLC increased its position in shares of BHP Group by 3.5% in the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock valued at $270,000 after acquiring an additional 190 shares during the last quarter. Palogic Value Management L.P. increased its position in shares of BHP Group by 0.3% in the second quarter. Palogic Value Management L.P. now owns 85,132 shares of the mining company’s stock valued at $4,094,000 after acquiring an additional 245 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in BHP Group by 3.8% during the second quarter. Chicago Partners Investment Group LLC now owns 7,498 shares of the mining company’s stock valued at $361,000 after purchasing an additional 275 shares during the last quarter. Finally, Mutual Advisors LLC boosted its position in BHP Group by 4.0% during the second quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock valued at $380,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BHP shares. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.50.

BHP Group Price Performance

BHP stock opened at $59.27 on Friday. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $61.27. The business’s 50 day simple moving average is $56.31 and its 200 day simple moving average is $53.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Company 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.