Rockefeller Capital Management L.P. Sells 74,526 Shares of Rio Tinto Group (NYSE:RIO)

Rockefeller Capital Management L.P. lessened its holdings in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 26.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 202,206 shares of the mining company's stock after selling 74,526 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Rio Tinto Group were worth $14,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in Rio Tinto Group in the second quarter worth about $26,000. Winch Advisory Services LLC acquired a new position in Rio Tinto Group in the third quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the third quarter valued at $28,000. Sound Income Strategies LLC boosted its stake in shares of Rio Tinto Group by 70.9% during 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 in the last quarter. Finally, Centerpoint Advisors LLC grew its holdings 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 worth $35,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 19.33% of the company's stock.

Wall Street Analysts Forecast Growth

RIO has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th. Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, Macquarie reissued a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rio Tinto Group has a consensus rating of "Moderate Buy".

Rio Tinto Group Price Performance

NYSE:RIO traded up $0.24 during trading hours on Tuesday, reaching $63.51. The company's stock had a trading volume of 5,094,343 shares, compared to its average volume of 2,738,855. 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 has a one year low of $59.35 and a one year high of $75.09. The business's 50-day moving average is $65.36 and its 200-day moving average is $65.39.

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.