Kingsview Wealth Management LLC Cuts Position in BHP Group Limited Sponsored ADR $BHP

by · The Cerbat Gem

Kingsview Wealth Management LLC decreased its position in BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 19.7% during the second quarter, HoldingsChannel.com reports. The fund owned 10,304 shares of the mining company’s stock after selling 2,530 shares during the quarter. Kingsview Wealth Management LLC’s holdings in BHP Group were worth $496,000 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. Prime Capital Investment Advisors LLC increased its position in BHP Group by 3.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock worth $266,000 after purchasing an additional 184 shares during the last quarter. Palogic Value Management L.P. lifted its position in BHP Group by 0.3% during the second quarter. Palogic Value Management L.P. now owns 85,132 shares of the mining company’s stock valued at $4,094,000 after purchasing an additional 245 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of BHP Group by 3.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,498 shares of the mining company’s stock worth $361,000 after buying an additional 275 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of BHP Group by 4.0% in the 2nd quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock worth $380,000 after buying an additional 276 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in shares of BHP Group by 2.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after buying an additional 281 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BHP has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

Check Out Our Latest Analysis on BHP

BHP Group Stock Up 0.9%

BHP stock opened at $53.05 on Friday. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $58.92. The company has a 50-day moving average price of $55.23 and a 200 day moving average price of $52.69. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Profile

(Free Report)

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.

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