Riverhead Capital Management LLC continued to hold its stake in shares of BT Group PLC (NYSE:BT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the utilities provider’s stock at the close of the second quarter. Riverhead Capital Management LLC’s holdings in BT Group PLC were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BT. First Trust Advisors LP grew its holdings in BT Group PLC by 20.6% during the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock valued at $2,464,000 after purchasing an additional 20,992 shares during the period. Ameriprise Financial Inc. grew its holdings in BT Group PLC by 10.4% during the first quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock valued at $977,000 after purchasing an additional 4,582 shares during the period. Oxford Asset Management bought a new position in shares of BT Group PLC in the first quarter worth $283,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of BT Group PLC in the first quarter worth $316,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BT Group PLC in the first quarter worth $205,000. 0.99% of the stock is owned by institutional investors and hedge funds.

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Shares of BT Group PLC (BT) opened at 18.64 on Friday. The stock has a market cap of $37.05 billion, a P/E ratio of 17.58 and a beta of 1.04. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $24.65. The firm’s 50-day moving average price is $19.10 and its 200-day moving average price is $19.66.

BT has been the subject of a number of analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 450 ($5.97) price target on shares of BT Group PLC in a report on Thursday, June 8th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 330 ($4.38) price target on shares of BT Group PLC in a report on Thursday, June 8th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 265 ($3.52) price target on shares of BT Group PLC in a report on Friday, June 9th. Berenberg Bank cut their price target on BT Group PLC from GBX 343 ($4.55) to GBX 325 ($4.31) and set a “hold” rating for the company in a report on Monday, June 12th. Finally, Bank of America Corporation lowered BT Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $335.67.

About BT Group PLC

Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

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