Quantbot Technologies LP Buys 16,788 Shares of BHP Group Limited (NYSE:BHP)

Quantbot Technologies LP raised its stake in shares of BHP Group Limited (NYSE:BHP) by 104.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,822 shares of the mining company’s stock after buying an additional 16,788 shares during the quarter. Quantbot Technologies LP’s holdings in BHP Group were worth $1,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in BHP Group during the fourth quarter valued at $28,000. Rise Advisors LLC bought a new stake in shares of BHP Group during the 1st quarter valued at about $29,000. WFA Asset Management Corp purchased a new position in shares of BHP Group during the first quarter worth about $31,000. Viking Fund Management LLC bought a new position in shares of BHP Group in the first quarter worth approximately $33,000. Finally, Montag A & Associates Inc. purchased a new stake in BHP Group in the fourth quarter valued at approximately $38,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Up 1.8 %

NYSE BHP traded up $1.04 during trading on Friday, hitting $59.27. 2,588,712 shares of the company’s stock traded hands, compared to its average volume of 2,440,263. The stock has a fifty day moving average of $58.24 and a two-hundred day moving average of $59.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11.

Wall Street Analyst Weigh In

BHP has been the subject of a number of research reports. Citigroup began coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.00.

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