Nano Cap New Millennium Growth Fund L P Takes $649,000 Position in BHP Group Limited Sponsored ADR $BHP

Nano Cap New Millennium Growth Fund L P purchased a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,750 shares of the mining company’s stock, valued at approximately $649,000.

A number of other hedge funds also recently modified their holdings of the stock. Addison Advisors LLC raised its holdings in shares of BHP Group by 31.8% in the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after purchasing an additional 181 shares during the period. Plan A Wealth LLC raised its holdings in shares of BHP Group by 4.7% in the 4th quarter. Plan A Wealth LLC now owns 10,058 shares of the mining company’s stock worth $607,000 after purchasing an additional 456 shares during the period. Global Retirement Partners LLC raised its holdings in shares of BHP Group by 464.2% in the 4th quarter. Global Retirement Partners LLC now owns 8,762 shares of the mining company’s stock worth $529,000 after purchasing an additional 7,209 shares during the period. Harmony Asset Management LLC raised its holdings in shares of BHP Group by 15.8% in the 4th quarter. Harmony Asset Management LLC now owns 5,583 shares of the mining company’s stock worth $337,000 after purchasing an additional 760 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of BHP Group in the 4th quarter worth approximately $202,000. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BHP shares. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Sanford C. Bernstein dropped their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. Finally, Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Up 1.8%

Shares of NYSE BHP opened at $85.06 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The stock’s 50-day simple moving average is $77.05 and its two-hundred day simple moving average is $68.90. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $91.45.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.