Crossmark Global Holdings Inc. Buys 31,290 Shares of Rio Tinto Group (NYSE:RIO)

Crossmark Global Holdings Inc. raised its holdings in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 53.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,466 shares of the mining company's stock after acquiring an additional 31,290 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Rio Tinto Group were worth $6,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Rio Tinto Group by 55.4% during the first quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company's stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group during the second 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 about $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at about $28,000. Finally, Sound Income Strategies LLC grew its position in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company's stock valued at $30,000 after purchasing an additional 173 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Trading Down 2.9 %

Shares of NYSE:RIO traded down $1.84 during trading hours on Monday, hitting $62.59. 3,466,036 shares of the company's stock traded hands, compared to its average volume of 2,757,666. Rio Tinto Group has a 1 year low of $59.35 and a 1 year high of $75.09. The business has a fifty day moving average price of $65.40 and a 200-day moving average price of $66.27. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RIO. StockNews.com upgraded Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 6th. Hsbc Global Res upgraded Rio Tinto Group to a "strong-buy" rating in a research report on Tuesday, July 23rd. HSBC upgraded Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Tuesday, July 23rd. Berenberg Bank upgraded Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, Macquarie reiterated a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Rio Tinto Group 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.