Coldstream Capital Management Inc. Increases Stock Position in BHP Group Limited (NYSE:BHP)

Coldstream Capital Management Inc. increased its stake in shares of BHP Group Limited (NYSE:BHP) by 17.5% in the 3rd quarter, Holdings Channel reports. The firm owned 4,819 shares of the mining company’s stock after buying an additional 719 shares during the period. Coldstream Capital Management Inc.’s holdings in BHP Group were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its stake in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares during the last quarter. Eastern Bank bought a new stake in shares of BHP Group in the third quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group during the second quarter valued at $27,000. Sound Income Strategies LLC lifted its holdings in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares during the period. Finally, Addison Advisors LLC boosted its position in BHP Group by 1,187.0% in the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after purchasing an additional 546 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 1.5 %

Shares of NYSE:BHP opened at $51.67 on Monday. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11. The company has a market cap of $131.02 billion, a PE ratio of 11.18 and a beta of 0.95. The stock has a 50 day moving average of $54.80 and a 200 day moving average of $55.65. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BHP shares. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.