Resurgent Financial Advisors LLC Purchases 2,220 Shares of Rio Tinto Group (NYSE:RIO)

Resurgent Financial Advisors LLC boosted its holdings in shares of Rio Tinto Group (NYSE:RIO) by 136.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,851 shares of the mining company’s stock after acquiring an additional 2,220 shares during the period. Resurgent Financial Advisors LLC’s holdings in Rio Tinto Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of Rio Tinto Group during the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. raised its position in shares of Rio Tinto Group by 55.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Rio Tinto Group by 785.7% during the 4th quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after purchasing an additional 330 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Rio Tinto Group during the first quarter valued at about $29,000. Finally, Accordant Advisory Group Inc purchased a new position in Rio Tinto Group in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

RIO stock traded down $0.54 during trading on Tuesday, reaching $63.45. The company had a trading volume of 1,735,372 shares, compared to its average volume of 2,685,434. Rio Tinto Group has a twelve month low of $58.27 and a twelve 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 simple moving average of $68.17 and a 200-day simple moving average of $67.31.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Berenberg Bank lowered shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 21st. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rio Tinto Group Company Profile

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.