Stephens Inc. AR Raises Position in Rio Tinto Group (NYSE:RIO)

Stephens Inc. AR raised its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,693 shares of the mining company's stock after purchasing an additional 8,041 shares during the quarter. Stephens Inc. AR's holdings in Rio Tinto Group were worth $3,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RIO. Geneos Wealth Management Inc. raised its stake in shares of Rio Tinto Group by 55.4% in the first quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company's stock worth $26,000 after purchasing an additional 148 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Rio Tinto Group in the second quarter valued at approximately $26,000. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group in the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the third quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC grew its holdings in shares of 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. 19.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RIO. Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. StockNews.com raised Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a report on Friday, September 6th. Macquarie reaffirmed a "neutral" rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Hsbc Global Res raised Rio Tinto Group to a "strong-buy" rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised Rio Tinto Group to a "hold" rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued 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 Price Performance

NYSE RIO traded up $0.44 on Friday, hitting $65.33. 1,807,761 shares of the stock traded hands, compared to its average volume of 2,907,132. The business's fifty day moving average is $65.19 and its two-hundred day moving average is $66.33. Rio Tinto Group has a 12 month low of $59.35 and a 12 month 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.

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.