King Luther Capital Management Corp Boosts Position in BHP Group Limited (NYSE:BHP)

King Luther Capital Management Corp grew its holdings in BHP Group Limited (NYSE:BHP) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,611 shares of the mining company’s stock after acquiring an additional 1,581 shares during the period. King Luther Capital Management Corp’s holdings in BHP Group were worth $1,545,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in BHP Group during the fourth quarter valued at $191,837,000. Wellington Management Group LLP increased its holdings in BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after acquiring an additional 924,202 shares in the last quarter. Fisher Asset Management LLC raised its position in BHP Group by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock worth $1,359,518,000 after acquiring an additional 589,317 shares during the period. International Assets Investment Management LLC lifted its holdings in BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after purchasing an additional 457,760 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in shares of BHP Group by 128.4% in the fourth quarter. Natixis Advisors L.P. now owns 444,702 shares of the mining company’s stock valued at $30,376,000 after purchasing an additional 249,991 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BHP. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus price target of $50.00.

BHP Group Price Performance

BHP stock traded up $0.64 during mid-day trading on Friday, reaching $59.39. The company’s stock had a trading volume of 622,517 shares, compared to its average volume of 2,530,885. The company’s 50 day moving average is $57.98 and its two-hundred day moving average is $60.32. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

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