Yousif Capital Management LLC lessened its stake in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 32.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,639 shares of the mining company's stock after selling 6,000 shares during the period. Yousif Capital Management LLC's holdings in Rio Tinto Group were worth $743,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of RIO. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group during the 3rd quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Rio Tinto Group by 63.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company's stock worth $29,000 after purchasing an additional 195 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Rio Tinto Group in the third quarter worth $38,000. Finally, Godsey & Gibb Inc. bought a new stake in shares of Rio Tinto Group during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 19.33% of the company's stock.
Rio Tinto Group Price Performance
NYSE RIO traded down $1.37 on Wednesday, reaching $62.81. The company had a trading volume of 4,193,254 shares, compared to its average volume of 3,217,474. The firm's 50 day moving average price is $60.61 and its 200 day moving average price is $62.93. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on RIO. Jefferies Financial Group cut their price target on Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, January 6th. StockNews.com raised Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.00.
Read Our Latest Report on Rio Tinto Group
About Rio Tinto Group
(
Free Report)
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.
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