Advisors Asset Management Inc. Has $776,000 Stake in BHP Billiton PLC (BBL)

Advisors Asset Management Inc. grew its stake in shares of BHP Billiton PLC (NYSE:BBL) by 2,299.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,885 shares of the mining company’s stock after purchasing an additional 20,973 shares during the period. Advisors Asset Management Inc.’s holdings in BHP Billiton were worth $776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Knowledge Leaders Capital LLC lifted its holdings 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 valued at $140,000 after purchasing an additional 1,467 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of BHP Billiton by 113.6% during the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after purchasing an additional 2,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BHP Billiton by 14.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after purchasing an additional 947 shares during the last quarter. Pacad Investment Ltd. acquired a new position in BHP Billiton during the second quarter valued at $268,000. Finally, HighTower Advisors LLC raised its position in BHP Billiton by 2.9% during the second quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after buying an additional 275 shares during the period. 4.39% of the stock is owned by institutional investors and hedge funds.

BHP Billiton PLC (NYSE:BBL) opened at $36.67 on Monday. 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 $39.12.

Several research firms recently weighed in on BBL. Zacks Investment Research raised BHP Billiton from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group set a $34.00 price target on BHP Billiton and gave the company a “hold” rating in a research report on Thursday, August 17th. ValuEngine lowered BHP Billiton from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, BidaskClub raised BHP Billiton from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.00.

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About BHP Billiton

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.

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

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