Maven Securities LTD Has $8.93 Million Stake in Rio Tinto Group (NYSE:RIO)

Maven Securities LTD cut its stake in Rio Tinto Group (NYSE:RIO) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,474 shares of the mining company’s stock after selling 2,722 shares during the period. Rio Tinto Group makes up about 0.2% of Maven Securities LTD’s portfolio, making the stock its 16th biggest holding. Maven Securities LTD’s holdings in Rio Tinto Group were worth $8,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Rio Tinto Group by 337.6% during the 1st quarter. Cetera Investment Advisers now owns 100,319 shares of the mining company’s stock worth $6,394,000 after acquiring an additional 77,394 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Rio Tinto Group by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,624 shares of the mining company’s stock worth $107,000 after buying an additional 240 shares during the last quarter. Mather Group LLC. grew its position in Rio Tinto Group by 33.3% in the second quarter. Mather Group LLC. now owns 1,582 shares of the mining company’s stock valued at $101,000 after acquiring an additional 395 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Rio Tinto Group by 3.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 7,267 shares of the mining company’s stock worth $479,000 after acquiring an additional 273 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Rio Tinto Group by 19.0% in the 2nd quarter. Park Avenue Securities LLC now owns 14,981 shares of the mining company’s stock valued at $988,000 after purchasing an additional 2,397 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Rio Tinto Group Stock Performance

RIO stock opened at $63.51 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09. The company has a fifty day moving average price of $65.36 and a 200-day moving average price of $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.