GPS Wealth Strategies Group LLC Trims Stock Holdings in Rio Tinto Group (NYSE:RIO)

GPS Wealth Strategies Group LLC reduced its position in shares of Rio Tinto Group (NYSE:RIO) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,236 shares of the mining company’s stock after selling 622 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Rio Tinto Group were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new stake in Rio Tinto Group during the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC acquired a new position in Rio Tinto Group during the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC raised its stake in 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 acquiring an additional 173 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 195 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Rio Tinto Group in the 3rd quarter worth approximately $38,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Price Performance

RIO opened at $59.85 on Tuesday. The business’s 50 day moving average price is $60.83 and its 200 day moving average price is $63.08. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RIO shares. Jefferies Financial Group decreased their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.