Jane Street Group LLC trimmed its holdings in shares of BHP Billiton plc (NYSE:BBL) by 98.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,259 shares of the mining company’s stock after selling 431,191 shares during the period. Jane Street Group LLC’s holdings in BHP Billiton were worth $293,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC grew its position in shares of BHP Billiton by 59.3% during the third quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock worth $140,000 after acquiring an additional 1,467 shares during the last quarter. Acrospire Investment Management LLC grew its position in BHP Billiton by 113.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after buying an additional 2,500 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in BHP Billiton in the 3rd quarter valued at about $217,000. Raymond James Financial Services Advisors Inc. grew its position in BHP Billiton by 14.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after buying an additional 947 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in BHP Billiton in the 2nd quarter valued at about $268,000. Institutional investors and hedge funds own 4.39% of the company’s stock.
BHP Billiton plc (NYSE BBL) traded up $1.03 during mid-day trading on Friday, reaching $45.28. 2,204,617 shares of the company’s stock were exchanged, compared to its average volume of 1,027,612. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. BHP Billiton plc has a 52 week low of $28.73 and a 52 week high of $45.30.
A number of brokerages recently issued reports on BBL. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and issued a $40.00 price target on shares of BHP Billiton in a report on Monday, January 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $41.50.
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BHP Billiton Company Profile
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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