Beacon Pointe Advisors LLC Cuts Stake in BHP Group Limited Sponsored ADR $BHP

Beacon Pointe Advisors LLC cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 37.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Down 0.3%

NYSE:BHP opened at $58.82 on Friday. The company’s 50-day moving average is $55.65 and its two-hundred day moving average is $53.14. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $59.86. 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 Company 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.