Quantbot Technologies LP Reduces Stock Position in Rio Tinto Group (NYSE:RIO)

Quantbot Technologies LP decreased its position in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,833 shares of the mining company's stock after selling 10,846 shares during the quarter. Quantbot Technologies LP's holdings in Rio Tinto Group were worth $2,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of RIO. GHP Investment Advisors Inc. acquired a new position in Rio Tinto Group during the 2nd quarter valued at about $26,000. Winch Advisory Services LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new stake in Rio Tinto Group during the third quarter worth $28,000. Sound Income Strategies LLC raised its position in Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company's stock valued at $30,000 after buying an additional 173 shares during the last quarter. Finally, Centerpoint Advisors LLC lifted 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 in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on RIO. StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th. Berenberg Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Macquarie restated a "neutral" rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada raised Rio Tinto Group to a "hold" rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rio Tinto Group presently has an average rating of "Moderate Buy".

Rio Tinto Group Price Performance

Shares of NYSE:RIO traded up $0.29 during mid-day trading on Thursday, reaching $62.32. The company had a trading volume of 1,712,837 shares, compared to its average volume of 2,735,135. Rio Tinto Group has a one year low of $59.35 and a one year 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. The company's 50-day moving average price is $65.48 and its 200-day moving average price is $65.64.

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.