Quantbot Technologies LP Purchases 6,519 Shares of BHP Group Limited (NYSE:BHP)

Quantbot Technologies LP increased its position in shares of BHP Group Limited (NYSE:BHP) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,581 shares of the mining company’s stock after purchasing an additional 6,519 shares during the period. Quantbot Technologies LP’s holdings in BHP Group were worth $1,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Dedication LLC increased its position in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares during the period. Eastern Bank bought a new stake in shares of BHP Group during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BHP Group during the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group during the second quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC boosted its stake in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BHP. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Performance

BHP stock opened at $52.65 on Friday. The business has a fifty day moving average of $56.28 and a 200-day moving average of $56.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

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