Choreo LLC Sells 7,182 Shares of BHP Group Limited (NYSE:BHP)

Choreo LLC cut its holdings in BHP Group Limited (NYSE:BHP) by 19.5% during the 4th quarter, Holdings Channel reports. The fund owned 29,564 shares of the mining company’s stock after selling 7,182 shares during the period. Choreo LLC’s holdings in BHP Group were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BHP. AQR Capital Management LLC increased its stake in shares of BHP Group by 269.6% in the second quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock worth $1,619,000 after purchasing an additional 20,685 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of BHP Group by 2.1% in the second quarter. Cetera Investment Advisers now owns 55,676 shares of the mining company’s stock worth $3,179,000 after purchasing an additional 1,137 shares in the last quarter. Wedmont Private Capital increased its stake in shares of BHP Group by 7.9% in the third quarter. Wedmont Private Capital now owns 6,624 shares of the mining company’s stock worth $403,000 after purchasing an additional 484 shares in the last quarter. Strong Tower Advisory Services increased its stake in shares of BHP Group by 30.1% in the third quarter. Strong Tower Advisory Services now owns 30,720 shares of the mining company’s stock worth $1,908,000 after purchasing an additional 7,101 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of BHP Group by 10.7% in the third quarter. Valeo Financial Advisors LLC now owns 7,439 shares of the mining company’s stock worth $462,000 after purchasing an additional 719 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

BHP opened at $50.36 on Friday. The stock has a market capitalization of $127.69 billion, a price-to-earnings ratio of 11.29 and a beta of 0.95. The company has a fifty day moving average of $50.13 and a 200 day moving average of $53.41. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. 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 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.