Rio Tinto Group (NYSE:RIO) Holdings Increased by LRI Investments LLC

LRI Investments LLC grew its stake in shares of Rio Tinto Group (NYSE:RIO) by 3,035.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,951 shares of the mining company’s stock after buying an additional 3,825 shares during the quarter. LRI Investments LLC’s holdings in Rio Tinto Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC bought a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new stake in shares of Rio Tinto Group in the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC raised its holdings in shares of Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares in the last quarter. Finally, Centerpoint Advisors LLC raised its holdings in shares of Rio Tinto Group by 110.0% in the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after purchasing an additional 275 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RIO. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Up 4.5 %

Rio Tinto Group stock opened at $64.88 on Tuesday. The firm’s 50 day simple moving average is $64.82 and its 200-day simple moving average is $65.14. Rio Tinto Group has a fifty-two week low of $59.35 and a fifty-two week high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Rio Tinto Group 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.