Profund Advisors LLC reduced its stake in BHP Billiton Limited (NYSE:BHP) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,910 shares of the mining company’s stock after selling 2,712 shares during the period. Profund Advisors LLC’s holdings in BHP Billiton were worth $1,652,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tocqueville Asset Management L.P. increased its holdings in BHP Billiton by 1.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 1,050,878 shares of the mining company’s stock valued at $48,330,000 after acquiring an additional 18,486 shares during the last quarter. MYDA Advisors LLC bought a new stake in BHP Billiton in the 4th quarter valued at $1,104,000. Moors & Cabot Inc. bought a new stake in BHP Billiton in the 4th quarter valued at $208,000. Scotia Capital Inc. increased its holdings in BHP Billiton by 10.0% in the 4th quarter. Scotia Capital Inc. now owns 25,475 shares of the mining company’s stock valued at $1,172,000 after acquiring an additional 2,317 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in BHP Billiton by 32.9% in the 4th quarter. Signaturefd LLC now owns 9,218 shares of the mining company’s stock valued at $424,000 after acquiring an additional 2,281 shares during the last quarter. Institutional investors own 3.22% of the company’s stock.
Shares of BHP Billiton Limited (NYSE:BHP) opened at $45.28 on Monday. BHP Billiton Limited has a fifty-two week low of $33.37 and a fifty-two week high of $50.79. The company has a current ratio of 1.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.41.
A number of brokerages have issued reports on BHP. Sanford C. Bernstein downgraded shares of BHP Billiton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $49.55 to $47.00 in a report on Monday, January 22nd. Cowen lifted their price target on shares of BHP Billiton from $45.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, January 9th. ValuEngine upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, Deutsche Bank downgraded shares of BHP Billiton from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. BHP Billiton has an average rating of “Hold” and a consensus price target of $38.97.
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About BHP Billiton
BHP Billiton Limited 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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