Rio Tinto Group (NYSE:RIO) Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its stake in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,710 shares of the mining company's stock after buying an additional 15,422 shares during the quarter. Soltis Investment Advisors LLC's holdings in Rio Tinto Group were worth $7,099,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC grew its position 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 buying an additional 173 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company's stock worth $29,000 after buying an additional 195 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Performance

NYSE RIO traded up $1.31 on Thursday, hitting $63.35. 3,436,889 shares of the company's stock traded hands, compared to its average volume of 3,208,023. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24. The firm's 50-day moving average price is $60.63 and its two-hundred day moving average price is $62.95.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RIO shares. Jefferies Financial Group cut their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. StockNews.com cut shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 25th. Finally, Macquarie restated a "neutral" rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

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.