35,140 Shares in BHP Group Limited (NYSE:BHP) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in BHP Group Limited (NYSE:BHP - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,140 shares of the mining company's stock, valued at approximately $2,183,000.

Several other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock worth $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. XY Capital Ltd increased its stake in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after purchasing an additional 768,972 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after purchasing an additional 642,765 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in BHP Group in the 3rd quarter worth approximately $33,458,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BHP has been the topic of a number of analyst reports. Argus raised shares of BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

BHP Group Trading Down 0.7 %

Shares of NYSE:BHP traded down $0.35 on Tuesday, hitting $53.40. The company's stock had a trading volume of 1,791,174 shares, compared to its average volume of 2,447,872. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50-day simple moving average of $55.50 and a 200 day simple moving average of $55.84. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11.

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