Aigen Investment Management LP Boosts Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Aigen Investment Management LP raised its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 253.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,861 shares of the mining company’s stock after buying an additional 30,745 shares during the quarter. Aigen Investment Management LP’s holdings in BHP Group were worth $2,080,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of BHP Group during the first quarter worth about $280,000. Allspring Global Investments Holdings LLC grew its holdings in shares of BHP Group by 5.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company’s stock worth $654,000 after purchasing an additional 764 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of BHP Group by 160.0% during the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock worth $95,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of BHP Group by 81.4% during the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock worth $141,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of BHP Group by 9.4% during the first quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company’s stock worth $1,317,000 after purchasing an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP stock opened at $52.88 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a 50 day moving average price of $50.33 and a two-hundred day moving average price of $49.34. The company has a market capitalization of $134.09 billion, a P/E ratio of 12.02 and a beta of 0.80.

Wall Street Analysts Forecast Growth

BHP has been the subject of several recent analyst reports. Sanford C. Bernstein lowered BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Berenberg Bank restated a “sell” rating and issued a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Finally, Argus downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.