NINE MASTS CAPITAL Ltd Takes $9.29 Million Position in BHP Billiton Limited (BHP)

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NINE MASTS CAPITAL Ltd acquired a new stake in BHP Billiton Limited (NYSE:BHP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 185,600 shares of the mining company’s stock, valued at approximately $9,287,000. BHP Billiton accounts for about 2.3% of NINE MASTS CAPITAL Ltd’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stelac Advisory Services LLC bought a new stake in shares of BHP Billiton during the 3rd quarter worth approximately $112,000. Reilly Financial Advisors LLC lifted its holdings in shares of BHP Billiton by 145.3% during the 3rd quarter. Reilly Financial Advisors LLC now owns 2,625 shares of the mining company’s stock worth $131,000 after acquiring an additional 1,555 shares during the period. TRUE Private Wealth Advisors bought a new stake in shares of BHP Billiton during the 3rd quarter worth approximately $134,000. Almanack Investment Partners LLC. bought a new stake in shares of BHP Billiton during the 3rd quarter worth approximately $185,000. Finally, Burney Co. bought a new stake in shares of BHP Billiton during the 2nd quarter worth approximately $209,000. 3.41% of the stock is owned by hedge funds and other institutional investors.

BHP has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Tuesday, September 25th. ValuEngine raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Deutsche Bank downgraded shares of BHP Billiton from a “buy” rating to a “hold” rating in a report on Monday, September 10th. JPMorgan Chase & Co. downgraded shares of BHP Billiton from an “overweight” rating to a “neutral” rating in a report on Thursday. Finally, Goldman Sachs Group raised shares of BHP Billiton from a “buy” rating to a “conviction-buy” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.00.

NYSE:BHP traded down $1.31 on Thursday, hitting $44.57. The company had a trading volume of 149,781 shares, compared to its average volume of 2,427,309. The company has a market cap of $73.68 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.34 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24. BHP Billiton Limited has a 52 week low of $40.58 and a 52 week high of $52.62.

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BHP Billiton Company Profile

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore, as well as metallurgical and energy coal, and oil and gas properties.

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Institutional Ownership by Quarter for BHP Billiton (NYSE:BHP)

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