Creekmur Asset Management LLC Invests $79,000 in Rio Tinto Group (NYSE:RIO)

Creekmur Asset Management LLC acquired a new position in Rio Tinto Group (NYSE:RIO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,060 shares of the mining company’s stock, valued at approximately $79,000.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Rio Tinto Group by 41.0% in the 3rd quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock worth $1,476,052,000 after buying an additional 6,748,799 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Rio Tinto Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 16,045,541 shares of the mining company’s stock worth $1,194,751,000 after buying an additional 475,329 shares in the last quarter. Morgan Stanley increased its holdings in Rio Tinto Group by 2.7% in the 3rd quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock worth $284,111,000 after buying an additional 118,706 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Rio Tinto Group by 5.9% in the 3rd quarter. Acadian Asset Management LLC now owns 2,903,093 shares of the mining company’s stock worth $184,721,000 after buying an additional 161,532 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Rio Tinto Group by 0.9% in the 3rd quarter. Northern Trust Corp now owns 1,893,222 shares of the mining company’s stock worth $120,485,000 after buying an additional 17,401 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Stock Performance

Shares of RIO stock traded down $0.41 during trading hours on Friday, reaching $66.51. 1,633,293 shares of the company traded hands, compared to its average volume of 2,246,716. Rio Tinto Group has a 12-month low of $58.27 and a 12-month high of $75.09. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $68.84 and a 200 day moving average price of $68.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RIO shares. Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Citigroup downgraded Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Finally, StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.