Beacon Pointe Advisors LLC Trims Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Beacon Pointe Advisors LLC lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 37.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,951 shares of the mining company’s stock after selling 13,657 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in BHP Group were worth $1,104,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Hilltop National Bank acquired a new position in shares of BHP Group in the 2nd quarter worth approximately $32,000. NewSquare Capital LLC lifted its stake in BHP Group by 249.8% during the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after purchasing an additional 622 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of BHP Group during the second quarter worth $44,000. Bell Investment Advisors Inc grew its stake in shares of BHP Group by 1,062.5% in the second quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock valued at $49,000 after buying an additional 935 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of BHP Group in the second quarter valued at $52,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of BHP Group stock opened at $58.82 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $59.86. The company has a 50 day moving average of $55.65 and a 200 day moving average of $53.14.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $48.50.

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.