SG Americas Securities LLC Boosts Stake in Rio Tinto Group (NYSE:RIO)

SG Americas Securities LLC boosted its holdings in shares of Rio Tinto Group (NYSE:RIO) by 71.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,594 shares of the mining company’s stock after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC’s holdings in Rio Tinto Group were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Armstrong Advisory Group Inc. increased its position in Rio Tinto Group by 9.6% during the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after purchasing an additional 159 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after buying an additional 173 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in Rio Tinto Group by 4.3% in the third quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock valued at $303,000 after acquiring an additional 175 shares during the last quarter. Fiduciary Financial Group LLC grew its position in Rio Tinto Group by 3.7% in the third quarter. Fiduciary Financial Group LLC now owns 4,945 shares of the mining company’s stock worth $330,000 after acquiring an additional 178 shares during the period. Finally, Stonegate Investment Group LLC increased its stake in Rio Tinto Group by 3.4% during the third quarter. Stonegate Investment Group LLC now owns 5,467 shares of the mining company’s stock worth $389,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 2.3 %

NYSE RIO opened at $61.24 on Wednesday. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The firm has a 50 day simple moving average of $60.77 and a 200-day simple moving average of $63.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RIO shares. Jefferies Financial Group lowered their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.