XML Financial LLC Invests $203,000 in Rio Tinto Group (NYSE:RIO)

XML Financial LLC acquired a new position in shares of Rio Tinto Group (NYSE:RIOFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,725 shares of the mining company’s stock, valued at approximately $203,000.

Other hedge funds also recently modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at approximately $417,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Rio Tinto Group by 4.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 117,837 shares of the mining company’s stock valued at $7,499,000 after purchasing an additional 5,322 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at approximately $235,000. HighTower Advisors LLC increased its holdings in shares of Rio Tinto Group by 1.6% in the third quarter. HighTower Advisors LLC now owns 107,037 shares of the mining company’s stock valued at $6,831,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Rio Tinto Group by 13.8% in the third quarter. Blair William & Co. IL now owns 8,645 shares of the mining company’s stock valued at $550,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

RIO opened at $68.23 on Tuesday. The company has a fifty day moving average price of $68.61 and a two-hundred day moving average price of $68.40. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 52 week low of $58.27 and a 52 week high of $75.09.

Analyst Ratings Changes

A number of analysts recently weighed in on RIO shares. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Citigroup lowered shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Read Our Latest Stock Report on Rio Tinto Group

About Rio Tinto Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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