FNY Partners Fund LP Invests $9.45 Million in BHP Billiton PLC (BBL)

FNY Partners Fund LP acquired a new position in shares of BHP Billiton PLC (NYSE:BBL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 303,279 shares of the mining company’s stock, valued at approximately $9,447,000. BHP Billiton PLC makes up 0.6% of FNY Partners Fund LP’s holdings, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBL. Cypress Wealth Advisors LLC raised its position in BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock worth $237,000 after buying an additional 435 shares in the last quarter. HighTower Advisors LLC bought a new position in BHP Billiton PLC during the first quarter worth about $295,000. Credit Suisse AG raised its position in BHP Billiton PLC by 43.6% in the first quarter. Credit Suisse AG now owns 15,235 shares of the mining company’s stock worth $475,000 after buying an additional 4,629 shares in the last quarter. BlueCrest Capital Management Ltd raised its position in BHP Billiton PLC by 101.3% in the first quarter. BlueCrest Capital Management Ltd now owns 62,769 shares of the mining company’s stock worth $1,955,000 after buying an additional 31,584 shares in the last quarter. Finally, Ionic Capital Management LLC raised its position in BHP Billiton PLC by 121.2% in the first quarter. Ionic Capital Management LLC now owns 330,144 shares of the mining company’s stock worth $10,284,000 after buying an additional 180,869 shares in the last quarter. Institutional investors and hedge funds own 4.39% of the company’s stock.

Institutional Ownership by Quarter for BHP Billiton PLC (NYSE:BBL)

Shares of BHP Billiton PLC (BBL) traded up 0.10% on Wednesday, reaching $28.97. The company’s stock had a trading volume of 1,543,196 shares. BHP Billiton PLC has a 52 week low of $22.39 and a 52 week high of $37.44. The stock has a market capitalization of $77.09 billion, a price-to-earnings ratio of 31.08 and a beta of 1.06. The stock has a 50-day moving average of $30.49 and a 200 day moving average of $32.45.

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A number of research analysts recently issued reports on the company. Jefferies Group LLC lowered BHP Billiton PLC to a “hold” rating and set a $32.00 price objective for the company. in a research report on Thursday, June 8th. ValuEngine lowered BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 29th. Finally, Zacks Investment Research lowered BHP Billiton PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.50.

BHP Billiton PLC 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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