CVA Family Office LLC decreased its position in shares of Rio Tinto Group (NYSE:RIO – Free Report) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,942 shares of the mining company’s stock after selling 203 shares during the quarter. CVA Family Office LLC’s holdings in Rio Tinto Group were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in RIO. Northwest Investment Counselors LLC purchased a new stake in Rio Tinto Group in the first quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its holdings in Rio Tinto Group by 55.4% in the first quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock worth $26,000 after purchasing an additional 148 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in Rio Tinto Group in the first quarter worth approximately $29,000. Accordant Advisory Group Inc purchased a new stake in Rio Tinto Group in the first quarter worth approximately $31,000. Finally, LifeSteps Financial Inc. purchased a new stake in Rio Tinto Group in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.
Rio Tinto Group Trading Down 0.8 %
Shares of RIO stock traded down $0.52 on Wednesday, hitting $62.55. 3,817,291 shares of the stock traded hands, compared to its average volume of 2,739,752. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $66.41 and a two-hundred day simple moving average of $66.82. Rio Tinto Group has a 52 week low of $58.27 and a 52 week high of $75.09.
Rio Tinto Group Cuts Dividend
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank cut shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Royal Bank of Canada upgraded shares of Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Citigroup cut shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Finally, HSBC upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
Rio Tinto Group Company 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.
Featured Articles
- Five stocks we like better than Rio Tinto Group
- Stock Splits, Do They Really Impact Investors?
- What Are Bonds? A High-Level Overview
- Stock Analyst Ratings and Canadian Analyst Ratings
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- Why Are Stock Sectors Important to Successful Investing?
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.