Natixis Advisors LLC Lowers Stock Holdings in Rio Tinto Group (NYSE:RIO)

Natixis Advisors LLC decreased its holdings in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,822 shares of the mining company's stock after selling 8,909 shares during the quarter. Natixis Advisors LLC owned 0.05% of Rio Tinto Group worth $48,881,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group during the 3rd quarter valued at about $26,000. GHP Investment Advisors Inc. bought a new position in Rio Tinto Group during the second quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group during the third quarter worth approximately $28,000. Sound Income Strategies LLC lifted its holdings in shares of Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company's stock worth $30,000 after acquiring an additional 173 shares during the last quarter. Finally, Centerpoint Advisors LLC boosted its stake in shares of Rio Tinto Group by 110.0% in the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company's stock valued at $35,000 after purchasing an additional 275 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. HSBC raised Rio Tinto Group from a "hold" rating to a "buy" rating in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Rio Tinto Group to a "strong-buy" rating in a report on Tuesday, July 23rd. Macquarie reissued a "neutral" rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada upgraded Rio Tinto Group to a "hold" rating in a report on Wednesday, July 31st. Four 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Rio Tinto Group Stock Up 1.9 %

Shares of RIO traded up $1.15 on Monday, reaching $62.13. The stock had a trading volume of 3,107,149 shares, compared to its average volume of 2,760,595. The company has a 50-day simple moving average of $65.44 and a 200-day simple moving average of $66.03. Rio Tinto Group has a 12-month low of $59.35 and a 12-month high of $75.09. 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 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.