Sanctuary Advisors LLC Boosts Holdings in Rio Tinto Group (NYSE:RIO)

Sanctuary Advisors LLC increased its holdings in Rio Tinto Group (NYSE:RIO) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,506 shares of the mining company’s stock after purchasing an additional 516 shares during the period. Sanctuary Advisors LLC’s holdings in Rio Tinto Group were worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RIO. Armstrong Advisory Group Inc. boosted its position in Rio Tinto Group by 9.6% during the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock valued at $129,000 after buying an additional 159 shares during the period. Sound Income Strategies LLC lifted its stake 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 valued at $30,000 after acquiring an additional 173 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Rio Tinto Group by 4.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock valued at $303,000 after acquiring an additional 175 shares during the period. Fiduciary Financial Group LLC grew its position in Rio Tinto Group by 3.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 4,945 shares of the mining company’s stock worth $330,000 after acquiring an additional 178 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Rio Tinto Group by 1.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,515 shares of the mining company’s stock worth $1,023,000 after purchasing an additional 179 shares during the period. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Trading Down 3.4 %

Shares of RIO stock opened at $59.34 on Thursday. The stock has a fifty day moving average of $63.89 and a 200 day moving average of $64.77. Rio Tinto Group has a 52 week low of $59.19 and a 52 week high of $75.09. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RIO shares. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Rio Tinto Group presently has an average rating of “Moderate Buy”.

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.