Sei Investments Co. Decreases Position in BHP Billiton PLC (BBL)
Sei Investments Co. lowered its stake in BHP Billiton PLC (NYSE:BBL) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,869 shares of the mining company’s stock after selling 1,293 shares during the period. Sei Investments Co.’s holdings in BHP Billiton PLC were worth $993,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new stake in BHP Billiton PLC during the fourth quarter valued at about $1,227,000. Elliott Management Corp raised its stake in BHP Billiton PLC by 157.5% in the fourth quarter. Elliott Management Corp now owns 2,010,151 shares of the mining company’s stock valued at $63,239,000 after buying an additional 1,229,400 shares in the last quarter. Cypress Wealth Advisors LLC raised its stake in BHP Billiton PLC by 4.2% in the fourth quarter. Cypress Wealth Advisors LLC now owns 6,100 shares of the mining company’s stock valued at $218,000 after buying an additional 246 shares in the last quarter. Ellington Management Group LLC purchased a new stake in BHP Billiton PLC during the fourth quarter valued at about $698,000. Finally, Seven Eight Capital LP purchased a new stake in BHP Billiton PLC during the fourth quarter valued at about $259,000. Institutional investors and hedge funds own 4.39% of the company’s stock.
Shares of BHP Billiton PLC (NYSE:BBL) opened at 29.85 on Friday. BHP Billiton PLC has a 12 month low of $22.39 and a 12 month high of $37.44. The firm has a 50-day moving average of $30.56 and a 200-day moving average of $32.52. The firm has a market cap of $79.43 billion, a price-to-earnings ratio of 32.03 and a beta of 1.06.
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Several research firms recently issued reports on BBL. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, February 24th. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a research report on Tuesday, April 11th. Finally, Jefferies Group LLC set a $37.00 price target on shares of BHP Billiton PLC and gave the stock a “buy” rating in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. BHP Billiton PLC presently has an average rating of “Hold” and an average target price of $33.50.
About BHP Billiton PLC
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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