Y Intercept Hong Kong Ltd Makes New $5.22 Million Investment in BHP Group Limited Sponsored ADR $BHP

Y Intercept Hong Kong Ltd purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 93,571 shares of the mining company’s stock, valued at approximately $5,217,000.

Other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co bought a new stake in BHP Group in the second quarter valued at approximately $31,000. Hilltop National Bank acquired a new position in shares of BHP Group in the 2nd quarter valued at about $32,000. Salomon & Ludwin LLC boosted its position in shares of BHP Group by 3,040.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares in the last quarter. NewSquare Capital LLC grew its stake in BHP Group by 249.8% during the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after purchasing an additional 622 shares during the period. Finally, True Wealth Design LLC grew its stake in BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after purchasing an additional 526 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 3.8%

BHP stock opened at $67.47 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $59.92 and a two-hundred day simple moving average of $56.32. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $67.56.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday. Finally, Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.00.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.