Highland Capital Management LLC Has $1.45 Million Stake in BHP Group Limited (NYSE:BHP)

Highland Capital Management LLC lessened its position in shares of BHP Group Limited (NYSE:BHP) by 7.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,413 shares of the mining company’s stock after selling 1,900 shares during the period. Highland Capital Management LLC’s holdings in BHP Group were worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its stake in BHP Group by 12.4% in the fourth quarter. CWM LLC now owns 7,518 shares of the mining company’s stock valued at $514,000 after purchasing an additional 830 shares in the last quarter. Jennison Associates LLC purchased a new position in BHP Group during the fourth quarter worth about $12,381,000. RWA Wealth Partners LLC purchased a new stake in BHP Group in the 4th quarter valued at about $297,000. Parkside Financial Bank & Trust grew its holdings in shares of BHP Group by 22.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after acquiring an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in BHP Group during the fourth quarter worth $200,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock traded up $0.69 during trading hours on Monday, reaching $55.88. The company had a trading volume of 322,501 shares, compared to its average volume of 2,420,224. The firm has a market cap of $141.54 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. BHP Group Limited has a one year low of $51.73 and a one year high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. The business has a fifty day simple moving average of $55.83 and a 200 day simple moving average of $57.34.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Citigroup began coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.00.

About BHP Group

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.