BHP Group Limited (NYSE:BHP) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lowered its stake in BHP Group Limited (NYSE:BHP) by 63.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,257 shares of the mining company’s stock after selling 23,383 shares during the quarter. Bayesian Capital Management LP’s holdings in BHP Group were worth $765,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BHP. Waverly Advisors LLC increased its stake in BHP Group by 534.5% in the first quarter. Waverly Advisors LLC now owns 31,653 shares of the mining company’s stock valued at $1,826,000 after purchasing an additional 26,664 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of BHP Group by 12.1% in the 1st quarter. Earnest Partners LLC now owns 83,691 shares of the mining company’s stock valued at $4,828,000 after buying an additional 9,021 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of BHP Group by 26.5% in the first quarter. 1832 Asset Management L.P. now owns 20,621 shares of the mining company’s stock valued at $1,190,000 after purchasing an additional 4,321 shares during the period. Westwood Global Investments LLC increased its holdings in BHP Group by 1.3% in the first quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock valued at $67,439,000 after buying an additional 14,691 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC increased its holdings in BHP Group by 5.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 87,827 shares of the mining company’s stock valued at $5,067,000 after buying an additional 4,436 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BHP shares. Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup began coverage on shares of BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.00.

BHP Group Trading Down 1.6 %

Shares of NYSE:BHP traded down $0.89 during trading on Tuesday, reaching $54.12. 2,546,964 shares of the company’s stock traded hands, compared to its average volume of 2,420,922. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 12 month low of $53.50 and a 12 month high of $69.11. The company has a 50 day moving average of $57.72 and a 200-day moving average of $58.35.

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