Courier Capital LLC Acquires 6,956 Shares of Rio Tinto Group (NYSE:RIO)

Courier Capital LLC boosted its holdings in Rio Tinto Group (NYSE:RIO) by 109.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,300 shares of the mining company’s stock after purchasing an additional 6,956 shares during the quarter. Courier Capital LLC’s holdings in Rio Tinto Group were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RIO. 180 Wealth Advisors LLC grew its stake in Rio Tinto Group by 6.1% in the first quarter. 180 Wealth Advisors LLC now owns 6,302 shares of the mining company’s stock valued at $402,000 after acquiring an additional 363 shares during the period. Viking Fund Management LLC boosted its position in shares of Rio Tinto Group by 14,385.7% during the first quarter. Viking Fund Management LLC now owns 50,700 shares of the mining company’s stock valued at $3,232,000 after buying an additional 50,350 shares during the last quarter. DGS Capital Management LLC boosted its position in Rio Tinto Group by 17.0% in the first quarter. DGS Capital Management LLC now owns 13,622 shares of the mining company’s stock worth $868,000 after purchasing an additional 1,980 shares during the last quarter. GoalVest Advisory LLC bought a new stake in shares of Rio Tinto Group during the 1st quarter valued at $486,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Rio Tinto Group by 2.0% during the 1st quarter. Sunbelt Securities Inc. now owns 11,766 shares of the mining company’s stock valued at $750,000 after purchasing an additional 235 shares during the period. 19.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on RIO shares. Berenberg Bank cut Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. Finally, Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rio Tinto Group Trading Up 0.2 %

Rio Tinto Group stock opened at $65.93 on Friday. The stock has a fifty day simple moving average of $68.81 and a two-hundred day simple moving average of $68.13. Rio Tinto Group has a 12 month low of $58.27 and a 12 month high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17.

Rio Tinto Group 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.