Rio Tinto Group (NYSE:RIO) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its holdings in Rio Tinto Group (NYSE:RIO - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 410,037 shares of the mining company's stock after purchasing an additional 85,034 shares during the period. Capital Advisors Inc. OK's holdings in Rio Tinto Group were worth $24,114,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC purchased a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC lifted its position in Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company's stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company's stock valued at $29,000 after acquiring an additional 195 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Rio Tinto Group during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Price Performance

Rio Tinto Group stock traded up $0.09 during mid-day trading on Friday, reaching $63.38. 3,857,182 shares of the company traded hands, compared to its average volume of 3,294,770. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The firm's fifty day moving average is $60.65 and its two-hundred day moving average is $62.94.

Analyst Upgrades and Downgrades

RIO has been the subject of a number of analyst reports. 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 report on Monday, January 6th. StockNews.com raised shares of Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

About Rio Tinto Group

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.