Rio Tinto Group (NYSE:RIO) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC reduced its holdings in Rio Tinto Group (NYSE:RIO) by 14.7% during the 4th quarter, Holdings Channel reports. The firm owned 8,700 shares of the mining company’s stock after selling 1,500 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Rio Tinto Group were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Abel Hall LLC grew its holdings in Rio Tinto Group by 4.8% in the fourth quarter. Abel Hall LLC now owns 6,178 shares of the mining company’s stock valued at $363,000 after purchasing an additional 285 shares during the period. SteelPeak Wealth LLC acquired a new stake in Rio Tinto Group in the fourth quarter valued at approximately $11,810,000. Stonegate Investment Group LLC grew its holdings in Rio Tinto Group by 24.7% in the fourth quarter. Stonegate Investment Group LLC now owns 6,819 shares of the mining company’s stock valued at $401,000 after purchasing an additional 1,352 shares during the period. Perigon Wealth Management LLC grew its holdings in Rio Tinto Group by 81.2% in the fourth quarter. Perigon Wealth Management LLC now owns 10,832 shares of the mining company’s stock valued at $648,000 after purchasing an additional 4,855 shares during the period. Finally, Jeppson Wealth Management LLC grew its holdings in Rio Tinto Group by 47.5% in the fourth quarter. Jeppson Wealth Management LLC now owns 20,093 shares of the mining company’s stock valued at $1,182,000 after purchasing an additional 6,473 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RIO has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Trading Down 0.8 %

NYSE RIO opened at $60.39 on Friday. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The stock’s 50 day simple moving average is $60.87 and its 200-day simple moving average is $63.17.

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.