HighTower Advisors LLC Sells 210,253 Shares of BHP Group Limited (NYSE:BHP)

HighTower Advisors LLC lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 63.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 121,462 shares of the mining company’s stock after selling 210,253 shares during the period. HighTower Advisors LLC’s holdings in BHP Group were worth $7,548,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after purchasing an additional 129,908 shares during the last quarter. XY Capital Ltd boosted its stake in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. Ausbil Investment Management Ltd bought a new stake in shares of BHP Group in the third quarter valued at approximately $2,360,000. Chartwell Investment Partners LLC bought a new stake in BHP Group in the 3rd quarter valued at $9,830,000. Finally, AQR Capital Management LLC boosted its holdings in BHP Group by 269.6% in the 2nd quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock valued at $1,619,000 after purchasing an additional 20,685 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 4.6 %

Shares of BHP opened at $53.76 on Tuesday. 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 12 month low of $50.90 and a 12 month high of $69.11. The company has a 50-day moving average price of $55.50 and a two-hundred day moving average price of $55.84.

Analysts Set New Price Targets

A number of analysts have weighed in on BHP shares. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and an average price target of $68.00.

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