As Bhp Billiton Adr (Of Blt Ln) (BBL) Valuation Declined, Marshall Wace Llp Has Decreased Stake by $9.83 Million

April 25, 2018 - By Vivian Park

BHP Billiton plc (NYSE:BBL) Logo

Paul Marshall decreased its stake in Bhp Billiton Adr (Of Blt Ln) (BBL) by 37.61% based on its latest 2017Q4 regulatory filing with the SEC. Marshall Wace Llp sold 245,643 shares as the company’s stock declined 0.36% with the market. The hedge fund run by Paul Marshall held 407,517 shares of the coal mining company at the end of 2017Q4, valued at $16.42 million, down from 653,160 at the end of the previous reported quarter. Marshall Wace Llp who had been investing in Bhp Billiton Adr (Of Blt Ln) for a number of months, seems to be less bullish one the $115.06B market cap company. The stock decreased 0.25% or $0.105 during the last trading session, reaching $42.735. About 1.37M shares traded. BHP Billiton plc (NYSE:BBL) has risen 28.11% since April 25, 2017 and is uptrending. It has outperformed by 16.56% the S&P500.

Marshall Wace Llp, which manages about $2.38 billion US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 11,946 shares to 20,356 shares, valued at $6.49M in 2017Q4, according to the filing. It also increased its holding in Teleflex Inc (NYSE:TFX) by 14,733 shares in the quarter, for a total of 28,049 shares, and has risen its stake in Activision Blizz (NASDAQ:ATVI).

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