Kornitzer Capital Management Inc. KS Sells 4,415 Shares of BHP Group Limited (NYSE:BHP)

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of BHP Group Limited (NYSE:BHP) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 136,512 shares of the mining company’s stock after selling 4,415 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in BHP Group were worth $6,666,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Eastern Bank bought a new stake in BHP Group during the 3rd quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in shares of BHP Group during the 4th quarter worth approximately $29,000. Farmers & Merchants Investments Inc. bought a new position in shares of BHP Group during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter worth approximately $40,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of BHP Group during the 4th quarter worth approximately $46,000. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BHP. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their target price 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. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

NYSE:BHP opened at $51.93 on Wednesday. The firm has a fifty day simple moving average of $49.86 and a 200 day simple moving average of $53.18. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.