Brooklyn Investment Group Acquires 1,733 Shares of BHP Group Limited (NYSE:BHP)

Brooklyn Investment Group boosted its holdings in BHP Group Limited (NYSE:BHP) by 743.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,966 shares of the mining company’s stock after acquiring an additional 1,733 shares during the period. Brooklyn Investment Group’s holdings in BHP Group were worth $96,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new position in shares of BHP Group during the third quarter valued at approximately $26,000. Sound Income Strategies LLC raised its stake in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter valued at $40,000. Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group in the 3rd quarter worth $50,000. Finally, Viking Fund Management LLC grew its holdings in shares of BHP Group by 72.4% in the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after acquiring an additional 420 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Trading Up 1.0 %

Shares of BHP opened at $50.06 on Monday. The business has a 50-day simple moving average of $50.87 and a two-hundred day simple moving average of $54.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

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