BlueCrest Capital Management Ltd reduced its stake in BHP Billiton plc (NYSE:BBL) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 99,472 shares of the mining company’s stock after selling 29,929 shares during the period. BlueCrest Capital Management Ltd’s holdings in BHP Billiton were worth $4,009,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ETRADE Capital Management LLC lifted its holdings in BHP Billiton by 27.3% in the 4th quarter. ETRADE Capital Management LLC now owns 44,906 shares of the mining company’s stock worth $1,810,000 after purchasing an additional 9,630 shares during the last quarter. MML Investors Services LLC bought a new position in BHP Billiton in the 4th quarter worth approximately $345,000. Lombard Odier Asset Management USA Corp increased its position in BHP Billiton by 13.4% in the 4th quarter. Lombard Odier Asset Management USA Corp now owns 83,718 shares of the mining company’s stock worth $3,374,000 after buying an additional 9,910 shares during the period. Maverick Capital Ltd. bought a new position in BHP Billiton in the 4th quarter worth approximately $5,775,000. Finally, Icon Wealth Partners LLC bought a new position in BHP Billiton in the 4th quarter worth approximately $138,000. Hedge funds and other institutional investors own 4.13% of the company’s stock.
BHP Billiton plc (BBL) opened at $39.84 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $115,440.00, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. BHP Billiton plc has a 1 year low of $28.73 and a 1 year high of $45.43.
Several brokerages have commented on BBL. Citigroup reaffirmed a “neutral” rating on shares of BHP Billiton in a research report on Wednesday, February 21st. Deutsche Bank downgraded BHP Billiton from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price target on shares of BHP Billiton in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BHP Billiton has a consensus rating of “Hold” and a consensus price target of $45.00.
BHP Billiton Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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