Aaron Wealth Advisors LLC Raises Position in Rio Tinto Group (NYSE:RIO)

Aaron Wealth Advisors LLC increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,662 shares of the mining company’s stock after purchasing an additional 931 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Winch Advisory Services LLC bought a new stake in shares of Rio Tinto Group during the 3rd quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in Rio Tinto Group in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Rio Tinto Group by 63.9% during 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 last quarter. Sound Income Strategies LLC boosted its stake 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 during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Rio Tinto Group in the third quarter worth about $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

RIO opened at $61.00 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The stock has a fifty day moving average price of $60.98 and a 200-day moving average price of $63.56.

Analyst Ratings Changes

Several research firms have issued reports on RIO. Jefferies Financial Group lowered their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report 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. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, 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.