Capital Investment Advisors LLC Sells 22,956 Shares of Rio Tinto Group (NYSE:RIO)

Capital Investment Advisors LLC cut its position in Rio Tinto Group (NYSE:RIO - Free Report) by 19.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,002 shares of the mining company's stock after selling 22,956 shares during the quarter. Capital Investment Advisors LLC's holdings in Rio Tinto Group were worth $5,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RIO. Bank of Montreal Can lifted its holdings in shares of Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company's stock worth $164,493,000 after acquiring an additional 1,738,752 shares during the last quarter. Fisher Asset Management LLC boosted its position in 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 buying an additional 485,731 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Rio Tinto Group during the third quarter worth $33,590,000. SPX Gestao de Recursos Ltda increased 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 worth $30,384,000 after buying an additional 404,131 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Rio Tinto Group by 78.3% during the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company's stock worth $56,565,000 after buying an additional 376,778 shares in the last quarter. Institutional investors own 19.33% of the company's stock.

Rio Tinto Group Trading Up 0.8 %

Shares of Rio Tinto Group stock traded up $0.49 during midday trading on Tuesday, reaching $60.01. The company had a trading volume of 1,084,333 shares, compared to its average volume of 2,764,945. The firm has a market cap of $75.19 billion, a PE ratio of 8.71, a P/E/G ratio of 0.38 and a beta of 0.66. The stock has a fifty day moving average price of $61.40 and a 200 day moving average price of $63.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24.

Analyst Ratings Changes

A number of brokerages recently weighed in on RIO. StockNews.com lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th. Macquarie restated a "neutral" rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Jefferies Financial Group dropped their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Berenberg Bank raised shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

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.