Rio Tinto Group (NYSE:RIO) Stock Holdings Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in Rio Tinto Group (NYSE:RIO) by 23.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,387 shares of the mining company’s stock after acquiring an additional 2,746 shares during the quarter. Park Avenue Securities LLC’s holdings in Rio Tinto Group were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Rio Tinto Group by 18.6% in the 4th quarter. Kathmere Capital Management LLC now owns 3,544 shares of the mining company’s stock worth $208,000 after acquiring an additional 556 shares in the last quarter. San Luis Wealth Advisors LLC increased its holdings in shares of Rio Tinto Group by 19.1% in the 4th quarter. San Luis Wealth Advisors LLC now owns 12,602 shares of the mining company’s stock valued at $741,000 after purchasing an additional 2,023 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Rio Tinto Group by 70.6% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,943 shares of the mining company’s stock worth $291,000 after purchasing an additional 2,046 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in shares of Rio Tinto Group by 15.1% during the fourth quarter. Accurate Wealth Management LLC now owns 13,395 shares of the mining company’s stock worth $788,000 after purchasing an additional 1,757 shares during the period. Finally, Fiduciary Financial Group LLC grew its position in Rio Tinto Group by 5.7% during the fourth quarter. Fiduciary Financial Group LLC now owns 5,225 shares of the mining company’s stock valued at $307,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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 note on Monday, January 6th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Stock Performance

NYSE:RIO opened at $61.81 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The company’s 50 day moving average is $60.95 and its 200-day moving average is $63.48. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24.

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.