Trade Report: Today, Boston Common Asset Management LLC Cuts Position in BT Group PLC (BT)

Today, Boston Common Asset Management LLC Cuts Position in BT Group PLC (BT)

Boston Common Asset Management LLC cut its position in shares of BT Group PLC (NYSE:BT) by 42.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,927 shares of the company’s stock after selling 23,920 shares during the period. Boston Common Asset Management LLC’s holdings in BT Group PLC were worth $812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Miller Howard Investments Inc. NY bought a new position in shares of BT Group PLC during the second quarter valued at about $7,453,000. Thornburg Investment Management Inc. bought a new position in shares of BT Group PLC during the second quarter valued at about $6,736,000. Royal Bank of Canada raised its position in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock valued at $23,796,000 after buying an additional 122,967 shares in the last quarter. Grimes & Company Inc. bought a new position in shares of BT Group PLC during the third quarter valued at about $1,957,000. Finally, First Mercantile Trust Co. bought a new position in shares of BT Group PLC during the third quarter valued at about $1,195,000. Institutional investors own 1.14% of the company’s stock.

BT Group PLC (NYSE:BT) traded down 0.66% during trading on Friday, hitting $22.59. 95,162 shares of the company’s stock traded hands. The company’s 50 day moving average is $23.16 and its 200-day moving average is $26.69. The stock has a market cap of $44.87 billion, a P/E ratio of 12.84 and a beta of 1.15. BT Group PLC has a 12 month low of $21.61 and a 12 month high of $37.63.

BT has been the subject of several analyst reports. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 345 ($4.31) target price on shares of BT Group PLC in a research report on Friday, October 28th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 395 ($4.94) target price on shares of BT Group PLC in a research report on Thursday, October 6th. Jefferies Group lowered their target price on BT Group PLC from GBX 405 ($5.06) to GBX 400 ($5.00) and set a “hold” rating for the company in a research report on Monday, August 15th. Haitong Bank lowered their price objective on BT Group PLC from GBX 600 ($7.50) to GBX 560 ($7.00) and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research lowered BT Group PLC from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $438.29.

About BT Group PLC

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