Trading Report: The World Asset Management Inc invests in BHP Billiton Ltd. (BHP) Shares

The World Asset Management Inc invests in BHP Billiton Ltd. (BHP) Shares

World Asset Management Inc raised its position in BHP Billiton Ltd. (NYSE:BHP) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 99,391 shares of the mining company’s stock after buying an additional 7,627 shares during the period. World Asset Management Inc’s holdings in BHP Billiton were worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock worth $43,064,000 after buying an additional 993,690 shares during the period. Seaward Management Limited Partnership boosted its position in BHP Billiton by 23.3% in the second quarter. Seaward Management Limited Partnership now owns 339,051 shares of the mining company’s stock worth $9,683,000 after buying an additional 64,006 shares during the period. Bank of Montreal Can purchased a new position in BHP Billiton during the second quarter worth about $7,774,000. A.R.T. Advisors LLC boosted its position in BHP Billiton by 928.8% in the first quarter. A.R.T. Advisors LLC now owns 165,043 shares of the mining company’s stock worth $4,274,000 after buying an additional 149,000 shares during the period. Finally, Babson Capital Management LLC boosted its position in BHP Billiton by 171.9% in the first quarter. Babson Capital Management LLC now owns 118,315 shares of the mining company’s stock worth $3,064,000 after buying an additional 74,800 shares during the period. Hedge funds and other institutional investors own 4.59% of the company’s stock.

BHP Billiton Ltd. (NYSE:BHP) traded up 0.63% during midday trading on Friday, reaching $34.87. 2,967,215 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $33.52 and its 200 day moving average is $30.37. The firm’s market capitalization is $92.80 billion. BHP Billiton Ltd. has a 52 week low of $18.46 and a 52 week high of $36.16.

BHP has been the subject of a number of research reports. BMO Capital Markets reissued a “hold” rating on shares of BHP Billiton in a report on Monday, August 29th. Jefferies Group reissued a “buy” rating on shares of BHP Billiton in a report on Friday, October 21st. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, July 21st. Vetr lowered shares of BHP Billiton from a “strong-buy” rating to a “buy” rating and set a $35.05 target price for the company. in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. raised shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. BHP Billiton currently has a consensus rating of “Hold” and a consensus target price of $29.34.

BHP Billiton Company Profile

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

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