Rio Tinto Group (NYSE:RIO) Shares Sold by Ted Buchan & Co

Ted Buchan & Co reduced its stake in shares of Rio Tinto Group (NYSE:RIO) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,186 shares of the mining company’s stock after selling 2,428 shares during the period. Ted Buchan & Co’s holdings in Rio Tinto Group were worth $1,081,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RIO. GSA Capital Partners LLP acquired a new stake in shares of Rio Tinto Group during the 1st quarter worth about $760,000. Geneos Wealth Management Inc. grew its stake in 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 during the period. Envestnet Portfolio Solutions Inc. grew its stake in Rio Tinto Group by 4.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,648 shares of the mining company’s stock worth $997,000 after acquiring an additional 642 shares during the period. SG Americas Securities LLC raised its holdings in Rio Tinto Group by 65.2% in the 1st quarter. SG Americas Securities LLC now owns 16,416 shares of the mining company’s stock valued at $1,046,000 after acquiring an additional 6,480 shares during the last quarter. Finally, WNY Asset Management LLC boosted its holdings in shares of Rio Tinto Group by 8.7% during the first quarter. WNY Asset Management LLC now owns 7,418 shares of the mining company’s stock worth $473,000 after purchasing an additional 596 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Down 4.5 %

Shares of RIO stock opened at $64.43 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $59.35 and a fifty-two week high of $75.09. The firm’s 50 day moving average price is $65.40 and its two-hundred day moving average price is $66.29.

Analyst Ratings Changes

Several research firms recently commented on RIO. HSBC upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada upgraded shares of Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Finally, Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.