Americana Partners LLC Acquires New Shares in Rio Tinto Group (NYSE:RIO)

Americana Partners LLC bought a new stake in shares of Rio Tinto Group (NYSE:RIO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,946 shares of the mining company's stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RIO. Palliser Capital UK Ltd boosted its stake in Rio Tinto Group by 213.8% in the 4th quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company's stock worth $58,188,000 after purchasing an additional 674,117 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock valued at $1,247,475,000 after purchasing an additional 485,731 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Rio Tinto Group in the third quarter worth $33,590,000. SPX Gestao de Recursos Ltda grew its holdings in shares of Rio Tinto Group by 1,773.2% during the third quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company's stock valued at $30,384,000 after buying an additional 404,131 shares in the last quarter. Finally, FMR LLC raised its position in Rio Tinto Group by 35.1% during the third quarter. FMR LLC now owns 1,381,766 shares of the mining company's stock valued at $98,340,000 after buying an additional 358,630 shares during the period. Institutional investors and hedge funds own 19.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RIO shares. Jefferies Financial Group decreased their price objective on Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Rio Tinto Group Stock Performance

NYSE RIO traded down $0.87 on Friday, reaching $63.43. The stock had a trading volume of 2,258,985 shares, compared to its average volume of 3,209,212. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 1 year low of $57.85 and a 1 year high of $74.24. The business has a 50 day moving average price of $60.58 and a 200 day moving average price of $62.93.

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.