Smith Asset Management Group LP decreased its position in shares of BT Group PLC (NYSE:BT) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 6,712 shares of the company’s stock after selling 500 shares during the period. Smith Asset Management Group LP’s holdings in BT Group PLC were worth $187,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Miller Howard Investments Inc. NY bought a new position in BT Group PLC during the second quarter worth $7,453,000. Renaissance Technologies LLC raised its position in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares during the period. Royal Bank of Canada raised its position in BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in BT Group PLC during the first quarter worth $3,305,000. Finally, Envestnet Asset Management Inc. raised its position in BT Group PLC by 32.8% in the first quarter. Envestnet Asset Management Inc. now owns 323,668 shares of the company’s stock worth $10,383,000 after buying an additional 79,870 shares during the period. 1.17% of the stock is owned by institutional investors.
BT Group PLC (NYSE:BT) traded up 1.45% during trading on Wednesday, hitting $25.81. The stock had a trading volume of 377,872 shares. The company has a market cap of $51.27 billion, a price-to-earnings ratio of 13.51 and a beta of 1.09. BT Group PLC has a 52-week low of $24.36 and a 52-week high of $37.69. The firm’s 50-day moving average price is $25.90 and its 200-day moving average price is $29.18.
A number of research analysts recently weighed in on BT shares. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research report on Monday, July 18th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 390 ($5.09) target price on shares of BT Group PLC in a research note on Tuesday, September 6th. Credit Suisse Group AG downgraded BT Group PLC from an “outperform” rating to a “neutral” rating and cut their target price for the company from GBX 510 ($6.66) to GBX 400 ($5.22) in a research note on Monday, June 27th. Jefferies Group cut their target price on BT Group PLC from GBX 405 ($5.29) to GBX 400 ($5.22) and set a “hold” rating on the stock in a research note on Monday, August 15th. Finally, BNP Paribas upgraded BT Group PLC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $453.39.
BT Group PLC Company Profile
Want to see what other hedge funds are holding BT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BT Group PLC (NYSE:BT).
Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.