Cerity Partners LLC Has $3.92 Million Stock Holdings in Rio Tinto Group (NYSE:RIO)

Cerity Partners LLC lifted its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,078 shares of the mining company's stock after buying an additional 11,558 shares during the period. Cerity Partners LLC's holdings in Rio Tinto Group were worth $3,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new stake in Rio Tinto Group during the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC acquired a new stake in shares of Rio Tinto Group during the third quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group in the third quarter worth $28,000. Sound Income Strategies LLC raised its holdings in Rio Tinto Group by 70.9% in 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 in the last quarter. Finally, Centerpoint Advisors LLC boosted its stake in Rio Tinto Group by 110.0% during the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company's stock valued at $35,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Up 0.8 %

NYSE:RIO traded up $0.52 during trading hours on Friday, reaching $62.84. The company's stock had a trading volume of 1,074,583 shares, compared to its average volume of 2,727,948. The business's 50-day moving average is $65.46 and its 200-day moving average is $65.59. Rio Tinto Group has a one year low of $59.35 and a one year high of $75.09. 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 has a market cap of $78.73 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67.

Analyst Upgrades and Downgrades

RIO has been the subject of several research analyst reports. Macquarie reissued a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. StockNews.com downgraded Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.