EP Wealth Advisors LLC Sells 2,171 Shares of Rio Tinto Group (NYSE:RIO)

EP Wealth Advisors LLC lowered its position in Rio Tinto Group (NYSE:RIO) by 32.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,458 shares of the mining company’s stock after selling 2,171 shares during the quarter. EP Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RIO. Wellington Management Group LLP increased its holdings in shares of Rio Tinto Group by 41.0% in the third quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock worth $1,476,052,000 after purchasing an additional 6,748,799 shares during the period. SPX Gestao de Recursos Ltda increased its holdings in shares of Rio Tinto Group by 560.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 791,933 shares of the mining company’s stock worth $58,967,000 after purchasing an additional 672,095 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Rio Tinto Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 16,045,541 shares of the mining company’s stock worth $1,194,751,000 after purchasing an additional 475,329 shares during the period. Van ECK Associates Corp increased its holdings in shares of Rio Tinto Group by 191.3% in the fourth quarter. Van ECK Associates Corp now owns 715,829 shares of the mining company’s stock worth $53,301,000 after purchasing an additional 470,073 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Rio Tinto Group by 160.2% in the third quarter. Qube Research & Technologies Ltd now owns 581,714 shares of the mining company’s stock worth $37,020,000 after purchasing an additional 358,121 shares during the period. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 0.4 %

Rio Tinto Group stock opened at $66.26 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $68.81 and a 200-day moving average of $68.27. Rio Tinto Group has a 1-year low of $58.27 and a 1-year high of $75.09.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RIO. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. Citigroup cut Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Finally, Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.